Kratos is awarded $93 million Army drone contract

Under a new $93 million contract, San Diego-based Kratos Defense and Security Solutions will build the Army’s next generation of high tech aerial drones.

The defense contractor’s Composite Engineering Inc.subsidiary in Roseville, near Sacramento, will build the Army’s advanced subscale aerial drone system, which includes pilotless target aircraft, launchers, ground equipment and spares, Kratos announced Monday.

The drones are not the same size as enemy aircraft, but they’re designed to mimic their flight patterns and electronic signatures. Composite Engineering already manufacturers similar drones for the Navy and the Air Force, such as the BQM-167A remotely-controlled target for evaluating how well air-to-air weapons work.

Kratos is expected to fill all the Army’s orders by late 2022.

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Kratos Receives $3.2 Million in Unmanned Aerial Drone and Other System Orders



SAN DIEGO, Jan. 03, 2018 (GLOBE NEWSWIRE) — Kratos Defense & Security Solutions, Inc. (Nasdaq:KTOS), a leading National Security Solutions provider, announced today that it has recently received approximately $3.2 million in unmanned aerial drone and other system product orders. Kratos Modular Systems Division (MSD), which is a leading provider of specialized systems and products for unmanned aerial drone, ballistic missile defense, missile, radar, surface combatant, intelligence, surveillance, reconnaissance (ISR) and chemical, biological, radiation and high explosive (CBRNE) protective systems will be performing the work under these recent contract awards. Work will be performed at secure Kratos production facilities. Due to customer, competitive and other considerations, no additional information will be provided related to these contract awards.

Tom Mills, President of Kratos Modular Systems Division, said, “MSD is focused on the United States and its Allies’ National Security, and we are proud to have been chosen by these customers in support of their missions. Certain of our business strategic focus areas include unmanned aerial drone and ballistic missile defense programs and systems, and we expect continued growth in these areas in the future.”

About Kratos Defense & Security Solutions

Kratos Defense & Security Solutions, Inc. (NASDAQ:KTOS) develops transformative, affordable technology for the Department of Defense and commercial customers. Kratos is changing the way breakthrough technology for these industries are brought to market through proactive research and a streamlined development process. Kratos specializes in unmanned systems, satellite communications, cyber security/warfare, microwave electronics, missile defense, training and combat systems. For more information go to www.kratosdefense.com.

Notice Regarding Forward-Looking Statements

Certain statements in this press release may constitute “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995. These forward-looking statements are made on the basis of the current beliefs, expectations and assumptions of the management of Kratos and are subject to significant risks and uncertainty. Investors are cautioned not to place undue reliance on any such forward-looking statements. All such forward-looking statements speak only as of the date they are made, and Kratos undertakes no obligation to update or revise these statements, whether as a result of new information, future events or otherwise. Although Kratos believes that the expectations reflected in these forward-looking statements are reasonable, these statements involve many risks and uncertainties that may cause actual results to differ materially from what may be expressed or implied in these forward-looking statements. For a further discussion of risks and uncertainties that could cause actual results to differ from those expressed in these forward-looking statements, as well as risks relating to the business of Kratos in general, see the risk disclosures in the Annual Report on Form 10-K of Kratos for the year ended December 25, 2016, and in subsequent reports on Forms 10-Q and 8-K and other filings made with the SEC by Kratos.

Press Contact:

Yolanda White

858-812-7302 Direct

Investor Information:

877-934-4687

investor@kratosdefense.com

Source: Kratos Defense & Security Solutions, Inc.

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Kratos Receives Single Award $93 Million Contract for High Performance Unmanned Aerial Drone …

SAN DIEGO, Jan. 02, 2018 (GLOBE NEWSWIRE) — Kratos Defense & Security Solutions, Inc. (Nasdaq:KTOS), a leading National Security Solutions provider, announced today that its Composite Engineering, Inc., subsidiary located in Roseville, California, part of Kratos Unmanned Systems Division (USD) was awarded a $93 million firm-fixed-price contract to procure advanced subscale aerial drone systems, an unmanned target aircraft with launchers and associated ground equipment and spares. Bids were solicited via the internet with one received. Work locations and funding will be determined with each order, with an estimated completion date of Dec. 17, 2022. U.S. Army Contracting Command, Orlando, Florida, is the contracting activity (W900KK-18-D-0010). Kratos is a leading provider of high performance jet powered unmanned aerial drone systems for tactical and target drone threat representation missions. Work under this recent contract award will be performed at secure Kratos manufacturing facilities and at customer locations. Due to competitive, customer related and other considerations, no additional information will be provided related to this contract award.

Steve Fendley, President of Kratos Unmanned Systems Division, said, “We are proud to have been selected by this critically important national security customer for this single award production contract. The receipt of this contract is an outstanding ending to 2017 for our entire team, which has worked tirelessly to position KUSD as the preeminent provider of the highest performance unmanned aerial drone systems in the world.”

Eric DeMarco, President and CEO of Kratos, said, “The receipt of this $93 million contract award for Kratos unmanned aerial drone systems is another important milestone in the successful execution of our strategy in building the leading high performance UAS Company in the world. Over the past several years we have made significant investments to position Kratos as a leading technology and system provider in national security, and we expect additional important production program awards in the future as a result of these investments.”

About Kratos Defense & Security Solutions

Kratos Defense & Security Solutions, Inc. (NASDAQ:KTOS) develops transformative, affordable technology for the Department of Defense and commercial customers. Kratos is changing the way breakthrough technology for these industries are brought to market through proactive research and a streamlined development process. Kratos specializes in unmanned systems, satellite communications, cyber security/warfare, microwave electronics, missile defense, training and combat systems. For more information go to www.kratosdefense.com.

Notice Regarding Forward-Looking Statements

Certain statements in this press release may constitute “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995. These forward-looking statements are made on the basis of the current beliefs, expectations and assumptions of the management of Kratos and are subject to significant risks and uncertainty. Investors are cautioned not to place undue reliance on any such forward-looking statements. All such forward-looking statements speak only as of the date they are made, and Kratos undertakes no obligation to update or revise these statements, whether as a result of new information, future events or otherwise. Although Kratos believes that the expectations reflected in these forward-looking statements are reasonable, these statements involve many risks and uncertainties that may cause actual results to differ materially from what may be expressed or implied in these forward-looking statements. For a further discussion of risks and uncertainties that could cause actual results to differ from those expressed in these forward-looking statements, as well as risks relating to the business of Kratos in general, see the risk disclosures in the Annual Report on Form 10-K of Kratos for the year ended December 25, 2016, and in subsequent reports on Forms 10-Q and 8-K and other filings made with the SEC by Kratos.

Press Contact:

Yolanda White

858-812-7302 Direct

Investor Information:

877-934-4687

investor@kratosdefense.com

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Kratos Awarded a $11097936 Firm-Fixed-Price Modification to a Previously Awarded Contract for …


Kratos is a Leading Provider of Ballistic Missile Defense Related Products and Solutions to the United States and its Allies Missile Defense Programs

SAN DIEGO, Dec. 19, 2017 (GLOBE NEWSWIRE) — Kratos Defense & Security Solutions, Inc. (Nasdaq:KTOS), a leading National Security Solutions provider, announced today that its Space and Missile Defense Systems business unit out of Glen Burnie, Maryland was awarded a $11,097,936 firm-fixed-price modification to a previously awarded contract (N63394-16-C-0007) for the procurement of additional Oriole rocket motor systems. This modification is for the procurement of additional Oriole rocket motors and hardware that will be used as sub-orbital vehicles known as Aegis readiness assessment vehicles. Work will be performed in Rocket Center, West Virginia and Glen Burnie, Maryland, and is expected to be completed by January 2020. Fiscal 2017 research, development, test and evaluation and foreign military sales funding was obligated at time of award. The Naval Surface Warfare Center Port Hueneme Division, Port Hueneme, California, is the contracting activity for this procurement.

Dave Carter, President of Kratos Defense and Rocket Support Services, said, “Our entire organization is focused on supporting the United States and our Allies’ security missions, and we are looking forward to working with this critically important customer to meet its requirements. In addition to this important opportunity, we are currently focused on a number of additional and new opportunities, related to the hypersonic and high power directed energy laser areas.”

Eric DeMarco, President and CEO of Kratos, said, “Kratos supports numerous ballistic missile defense related programs and initiatives including Aegis, Patriot, Terminal High Altitude Aerial Defense, Space Based Infra Red, Iron Dome, Arrow, Barak and others, and we are excited about this important opportunity.” Mr. DeMarco continued; “Over the past several years we have been successfully executing our strategy and integrating, developing and building certain of our core focus areas including ballistic missile defense, satellite communications, unmanned systems, microwave electronics and training systems, and we believe that we are well positioned to continue to receive important program and contract awards.”

About Kratos Defense & Security Solutions

Kratos Defense & Security Solutions, Inc. (NASDAQ:KTOS) develops transformative, affordable technology for the Department of Defense and commercial customers. Kratos is changing the way breakthrough technology for these industries are brought to market through proactive research and a streamlined development process. Kratos specializes in unmanned systems, satellite communications, cyber security/warfare, microwave electronics, missile defense, training and combat systems. For more information go to www.kratosdefense.com.

Notice Regarding Forward-Looking Statements

Certain statements in this press release may constitute “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995. These forward-looking statements are made on the basis of the current beliefs, expectations and assumptions of the management of Kratos and are subject to significant risks and uncertainty. Investors are cautioned not to place undue reliance on any such forward-looking statements. All such forward-looking statements speak only as of the date they are made, and Kratos undertakes no obligation to update or revise these statements, whether as a result of new information, future events or otherwise. Although Kratos believes that the expectations reflected in these forward-looking statements are reasonable, these statements involve many risks and uncertainties that may cause actual results to differ materially from what may be expressed or implied in these forward-looking statements. For a further discussion of risks and uncertainties that could cause actual results to differ from those expressed in these forward-looking statements, as well as risks relating to the business of Kratos in general, see the risk disclosures in the Annual Report on Form 10-K of Kratos for the year ended December 25, 2016, and in subsequent reports on Forms 10-Q and 8-K and other filings made with the SEC by Kratos.

Press Contact:

Yolanda White

858-812-7302 Direct

Investor Information:

877-934-4687

investor@kratosdefense.com

Source: Kratos Defense & Security Solutions, Inc.

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Kratos Receives $27 Million Single Award IDIQ Unmanned Drone Systems Contract from US …

SAN DIEGO, Dec. 18, 2017 (GLOBE NEWSWIRE) — Kratos Defense & Security Solutions, Inc. (Nasdaq:KTOS), a leading National Security Solutions provider, announced today that its Unmanned Systems Division (USD) recently received a single award IDIQ contract, with a $27 million ceiling, from a U.S. Government Agency related to unmanned drone systems. USD is an industry leader in the rapid design, development and fielding of affordable high performance jet powered unmanned aerial drone systems for tactical, combat and target applications. Work under this contract will be performed at secure Kratos facilities and at government locations. Due to competitive, customer related and other considerations, no additional information will be provided at this time.

Steve Fendley, President of Unmanned Systems Division, said, “This recent contract award is another important milestone in the successful execution of the unmanned systems strategy that we set years ago. All of Kratos’ Unmanned Systems Division is proud to support this important National Security customer.”

Eric DeMarco, President and CEO of Kratos, said, “Kratos’ Unmanned Systems Division continues to successfully execute its business plan as demonstrated by this most recent contract award, and with our recent participation in Formidable Shield 17, where a number Kratos unmanned target drone and ballistic missile targets performed successfully. Additionally, USD remains in pursuit of several other large program opportunities which we are hopeful of receiving over the next several weeks.”

About Kratos Defense & Security Solutions

Kratos Defense & Security Solutions, Inc. (NASDAQ:KTOS) develops transformative, affordable technology for the Department of Defense and commercial customers. Kratos is changing the way breakthrough technology for these industries are brought to market through proactive research and a streamlined development process. Kratos specializes in unmanned systems, satellite communications, cyber security/warfare, microwave electronics, missile defense, training and combat systems. For more information go to www.kratosdefense.com.

Notice Regarding Forward-Looking Statements

Certain statements in this press release may constitute “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995. These forward-looking statements are made on the basis of the current beliefs, expectations and assumptions of the management of Kratos and are subject to significant risks and uncertainty. Investors are cautioned not to place undue reliance on any such forward-looking statements. All such forward-looking statements speak only as of the date they are made, and Kratos undertakes no obligation to update or revise these statements, whether as a result of new information, future events or otherwise. Although Kratos believes that the expectations reflected in these forward-looking statements are reasonable, these statements involve many risks and uncertainties that may cause actual results to differ materially from what may be expressed or implied in these forward-looking statements. For a further discussion of risks and uncertainties that could cause actual results to differ from those expressed in these forward-looking statements, as well as risks relating to the business of Kratos in general, see the risk disclosures in the Annual Report on Form 10-K of Kratos for the year ended December 25, 2016, and in subsequent reports on Forms 10-Q and 8-K and other filings made with the SEC by Kratos.

Press Contact:

Yolanda White

858-812-7302 Direct

Investor Information:

877-934-4687

investor@kratosdefense.com

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Kratos Receives $3.3 Million in Unmanned Aerial Drone and Electronic System Contract Awards

SAN DIEGO, Dec. 14, 2017 (GLOBE NEWSWIRE) — Kratos Defense & Security Solutions, Inc. (Nasdaq:KTOS), a leading National Security Solutions provider, announced today that it has recently received $3.3 million in unmanned aerial drone and electronic system contract awards. Kratos is an industry leader in the rapid design, demonstration and fielding of affordable unmanned aerial drone systems for tactical, combat and target applications, related ground control systems and microwave electronics. Work on these recent contract awards will be performed at secure Kratos manufacturing facilities. Due to competitive, customer related and other considerations, no additional information will be provided related to these contract awards.

Eric DeMarco, Kratos President & CEO, said, “Kratos today, across our company is supporting numerous unmanned aerial drone system programs in both the tactical and target system areas, as well as critical microwave electronics programs, and we are committed to supporting these important customers.”

About Kratos Defense & Security Solutions

Kratos Defense & Security Solutions, Inc. (NASDAQ:KTOS) develops transformative, affordable technology for the Department of Defense and commercial customers. Kratos is changing the way breakthrough technology for these industries are brought to market through proactive research and a streamlined development process. Kratos specializes in unmanned systems, satellite communications, cyber security/warfare, microwave electronics, missile defense, training and combat systems. For more information go to www.kratosdefense.com.

Notice Regarding Forward-Looking Statements

Certain statements in this press release may constitute “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995. These forward-looking statements are made on the basis of the current beliefs, expectations and assumptions of the management of Kratos and are subject to significant risks and uncertainty. Investors are cautioned not to place undue reliance on any such forward-looking statements. All such forward-looking statements speak only as of the date they are made, and Kratos undertakes no obligation to update or revise these statements, whether as a result of new information, future events or otherwise. Although Kratos believes that the expectations reflected in these forward-looking statements are reasonable, these statements involve many risks and uncertainties that may cause actual results to differ materially from what may be expressed or implied in these forward-looking statements. For a further discussion of risks and uncertainties that could cause actual results to differ from those expressed in these forward-looking statements, as well as risks relating to the business of Kratos in general, see the risk disclosures in the Annual Report on Form 10-K of Kratos for the year ended December 25, 2016, and in subsequent reports on Forms 10-Q and 8-K and other filings made with the SEC by Kratos.

Press Contact:
Yolanda White
858-812-7302 Direct
Investor Information:
877-934-4687
investor@kratosdefense.com

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Florida Automated Vehicles Summit Connects Autonomous Vehicle Industry Leaders from Around …

The 2017 Florida Automated Vehicles (FAV) Summit brought hundreds of thought leaders, policymakers, and engineers from around the world.

This press release was orginally distributed by ReleaseWire

Tampa, FL — (ReleaseWire) — 11/20/2017 — The 2017 Florida Automated Vehicles (FAV) Summit held November 14-15 in Tampa Florida brought together hundreds of thought leaders, policymakers, and engineers from around the world to not only showcase and discuss new technologies and policy issues. The FAV Summit provided a forum to conceptualize new ideas and for partnerships to be created.

At the 2017 FAV Summit, Kratos Defense Unmanned Systems Division in partnership with Royal Truck and Equipment demonstrated the Autonomous Truck Mounted Attenuator (ATMA) to an international audience. Representatives from Chevron Traffic Services, Auckland, New Zealand, and Washington State DOT both rode in the autonomous vehicle as it performed a “Leader-Follower” operation. Leader-Follower operation is where a human-driven lead vehicle transmits navigation data through a Vehicle to Vehicle (V2V) wireless communication link to the driverless ATMA which utilizes the transmitted information to navigate its intended path completely unmanned.

The ATMA, also known as the Autonomous Impact Protection Vehicle (AIPV), is a first-of-its-kind work zone vehicle designed to advance safety for roadway maintenance crews. Customarily positioned behind road construction crews to protect workers from the traveling public, the ATMA/AIPV increases work zone safety by removing the driver from a truck designed as a mobile crash barrier.

The idea of the ATMA/AIPV was initially conceived at the Florida Automated Vehicles Summit three years ago and has since been deployed in Colorado, in partnership with Colorado Department of Transportation (CDOT), as well as in the United Kingdom, in partnership with Colas Ltd.

“The Florida Automated Vehicles Summit has always been a great venue for networking with industry stakeholders and the sharing of ideas to advance the future of transportation,” said Maynard Factor, the Director of Business Development for the Kratos Defense Unmanned Systems Division. “We are excited to see the idea of the ATMA/AIPV become a reality and proud that we can contribute to advancing the safety of roadside workers worldwide with our driverless technology.”

According to the Federal Highway Administration FHWA, in work zones in 2015, there was a crash every 5.4 minutes, 70 crash-related injuries every day, and 12 crash-related fatalities every week. Aligning with the FHWA vision of – zero deaths and serious injuries on the Nation’s roadways, the ATMA/AIPV developed by Kratos Defense is quickly becoming a game-changing solution for contributing to this vision by improving safety and efficiency in the work zone.

About Kratos Defense Security Solutions

Kratos Defense & Security Solutions, Inc. develops transformative, affordable technology for the Department of Defense and commercial customers. Kratos is changing the way breakthrough technology for these industries is brought to market through proactive research and a streamlined development process. Kratos specializes in unmanned systems, satellite communications, cyber security/warfare, microwave electronics, missile defense, training and combat systems.

For more information about the company, http://www.kratosusd.com/.

About Florida Automated Vehicles (FAV) Summit

Brings industry leaders together to address technologies, operations, and policy issues of automated, connected, electric and shared (ACES) mobility, operations, law, infrastructure, functional design, cyber security, ethics, aftermarket products, enabling technologies, and public policy. The FAV Summit showcases live connected and automated technologies which provide a visualization of the positive impacts these technologies will have on Florida roadways. The FAV Summit is hosted by Tampa Hillsborough Expressway Authority, Center for Transportation Research at USF and FDOT.

Learn more about the FAV Summit, https://FAVSummit.com.

For more information on this press release visit: http://www.releasewire.com/press-releases/florida-automated-vehicles-summit-connects-autonomous-vehicle-industry-leaders-from-around-the-globe-894070.htm

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Kratos Advanced Short Range Ballistic Missile Target Supports Successful Test of the Advanced …



SAN DIEGO, Sept. 21, 2017 (GLOBE NEWSWIRE) — Kratos Defense & Security Solutions, Inc. (NASDAQ:KTOS), a leading National Security Solutions provider, announced today that Kratos’ Space & Missile Defense Systems (SMDS) successfully supported the U.S. Navy as they completed the third test of the AN/SPY-6(V) Air and Missile Defense Radar (AMDR) against a live ballistic missile target. The successful test was conducted on September 7, 2017 against an advanced Short Range Ballistic Missile (SRBM) target, developed by Kratos and its Government and industry partners.

The Kratos SRBM target was launched from the Pacific Missile Range Facility in Kauai, Hawaii before it was acquired and tracked by the AN/SPY-6(V) AMDR. The AN/SPY-6(V) AMDR is slated to begin service on the U.S. Navy’s next generation Arleigh Burke Class Guided Missile Destroyer (DDG-51 Flight III) currently under development. The next generation radar promises to deliver improved range, accuracy and reliability over the SPY-1D(V) radar currently deployed on the US Navy’s Arleigh Burke class destroyers.

The two stage separating SRBM target features selectable options for advanced scenario presentations. Kratos provided payload hardware including mechanical support structures, stabilizing fins, electrical event initiation systems, and staging and separation systems. In addition, Kratos personnel participated in mission planning, payload assembly, testing, target vehicle build-up and launch operations in support of the successful mission. Kratos is an industry leader in the rapid design, development, demonstration and fielding of technologically advanced and affordable systems. Kratos is a leading provider of products, solutions, and services supporting ballistic missile defense, hypersonics, Aegis, AMDR, sounding rocket, high powered energy, directed energy, laser programs and other national security and scientific programs.

Mr. David Carter, President of Kratos’ Space & Missile Defense Systems, stated, “We are extremely proud of the accomplishments of our government and industry team, and we’re pleased to play a role in preparing AMDR for the fleet. Kratos looks forward to future opportunities to provide the most capable and affordable target solutions available to support the U.S. Navy and the Missile Defense Agency.”

About Kratos Defense & Security Solutions

Kratos Defense & Security Solutions, Inc. (NASDAQ:KTOS) develops transformative, affordable technology for the Department of Defense and commercial customers. Kratos is changing the way breakthrough technologies for these industries are brought to market through proactive research and a streamlined development process. Kratos specializes in unmanned systems, satellite communications, cyber security/warfare, microwave electronics, missile defense, training and combat systems. For more information, go to www.kratosdefense.com.

Notice Regarding Forward-Looking Statements

Certain statements in this press release may constitute “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995. These forward-looking statements are made on the basis of the current beliefs, expectations and assumptions of the management of Kratos and are subject to significant risks and uncertainty. Investors are cautioned not to place undue reliance on any such forward-looking statements. All such forward-looking statements speak only as of the date they are made, and Kratos undertakes no obligation to update or revise these statements, whether as a result of new information, future events or otherwise. Although Kratos believes that the expectations reflected in these forward-looking statements are reasonable, these statements involve many risks and uncertainties that may cause actual results to differ materially from what may be expressed or implied in these forward-looking statements. For a further discussion of risks and uncertainties that could cause actual results to differ from those expressed in these forward-looking statements, as well as risks relating to the business of Kratos in general, see the risk disclosures in the Annual Report on Form 10-K of Kratos for the year ended December 25, 2016, and in subsequent reports on Forms 10-Q and 8-K and other filings made with the SEC by Kratos.

Press Contact:

Yolanda White

858-812-7302 Direct

Investor Information:

877-934-4687

investor@kratosdefense.com

Source: Kratos Defense & Security Solutions, Inc.

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Kratos announces $3.8 million in modular equipment orders

Kratos Defense & Security Solutions recently attained approximately $3.8 million worth of modular system and equipment orders to fulfill for its Modular Systems Division (MSD), according to a press release.

The apparatus will cover operations, including command, control, communication, computing, combat and intelligence, and surveillance and reconnaissance (C5ISR) modular systems and other equipment.

MSD delivers specialized hardware and equipment that is crucial to national security systems such as unmanned drones, satellite communication, radar, apparatus-empowering missile defense, intelligence, surveillance and reconnaissance.

“These contract awards are related to and support certain of our nation’s critical national security related programs and initiatives, and all of MSD is proud to have been selected by this important customer set,” Kratos Modular Systems Division President Tom Mills said in the release.

Kratos develops technology for commercial clients as well as the Department of Defense. Kratos focuses on cybersecurity/cyberwarfare and microwave electronics as well as unmanned systems, satellite communication and platforms for defense, training and combat.

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Kratos Announces $46 Million Single Award Training Contract To Support Royal Saudi Naval Forces


Total Potential Value of Over $100 Million If All Future Task Orders Issued

SAN DIEGO, Sept. 05, 2017 (GLOBE NEWSWIRE) — Kratos Defense & Security Solutions, Inc. (Nasdaq:KTOS), a leading National Security Solutions provider, announced today that it received a Foreign Military Sales (FMS) sole-source, three-year, single award indefinite delivery indefinite quantity (IDIQ) contract to provide training-related products and services in a variety of disciplines to Royal Saudi Naval Forces (RSNF), the Naval Force of the Kingdom of Saudi Arabia. The award, issued by Naval Air Warfare Center Training Systems Division (NAWCTSD), is contained in a U.S. FMS agreement with a potential value to Kratos of $100 million, depending on the number of task orders issued and anticipated contract modifications under the FMS agreement.

Kratos’ initial award is $46 million over three years. Kratos will provide Manpower, Personnel & Training (MPT) planning as well as instructional services for a broad array of missions, functions and tasks. The first task order, valued at $24.1 million, is to provide Contractor Support Services to all levels of RSNF training along with other logistical requirements in the Kingdom of Saudi Arabia. Across future task orders, Kratos will deploy personnel in-country to provide training related products and services for a three-year period.

The mission of this single award contract is to sustain levels of military preparedness and performance, increase the protection of critical industrial infrastructure and further strengthen defense interoperability with U.S. and other allied forces. Additionally, the award is expected to enhance U.S. foreign policy and national security objectives by helping to improve the security of a strategic regional partner.

Jose Diaz, Sr. Vice President of Kratos’ Training Division, said, “The award is another example of the rapid and successful international expansion of our training services in areas including the Middle-East, Australia and Europe. More importantly, this award provides Kratos the opportunity to aid U.S. efforts to support its allies through our extensive portfolio of military-focused aircrew and maintenance technical training skills, programmatic and logistics support, and instructional services for ground, sea and air platforms.”

About Kratos Defense & Security Solutions

Kratos Defense & Security Solutions, Inc. (NASDAQ:KTOS) develops transformative, affordable technology for the Department of Defense and commercial customers. Kratos is changing the way breakthrough technology for these industries is brought to market through proactive research and a streamlined development process. Kratos specializes in unmanned systems, satellite communications, cyber security/warfare, microwave electronics, missile defense, training and combat systems. For more information go to www.kratosdefense.com.

Notice Regarding Forward-Looking Statements

Certain statements in this press release may constitute “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995. These forward-looking statements are made on the basis of the current beliefs, expectations and assumptions of the management of Kratos and are subject to significant risks and uncertainty. Investors are cautioned not to place undue reliance on any such forward-looking statements. All such forward-looking statements speak only as of the date they are made, and Kratos undertakes no obligation to update or revise these statements, whether as a result of new information, future events or otherwise. Although Kratos believes that the expectations reflected in these forward-looking statements are reasonable, these statements involve many risks and uncertainties that may cause actual results to differ materially from what may be expressed or implied in these forward-looking statements. For a further discussion of risks and uncertainties that could cause actual results to differ from those expressed in these forward-looking statements, as well as risks relating to the business of Kratos in general, see the risk disclosures in the Annual Report on Form 10-K of Kratos for the year ended December 25, 2016, and in subsequent reports on Forms 10-Q and 8-K and other filings made with the SEC by Kratos.

Press Contact:Yolanda White858-812-7302 DirectInvestor Information:877-934-4687investor@kratosdefense.com

Source: Kratos Defense & Security Solutions, Inc.

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