SAN DIEGO, Dec. 19, 2018 (GLOBE NEWSWIRE) -- Kratos Defense & Security Solutions, Inc. (Nasdaq: KTOS), a leading
National Security Solutions provider, announced today that it has recently received a $13.7 million single award contract for
specialized hardware and products in support of a Command, Control, Communication, Computing, Combat and Intelligence, Surveillance
and Reconnaissance program. Kratos is an industry leader in providing high performance unmanned aerial drones, satellite and space
communications, ballistic missile defense, hypersonic and directed energy platforms, systems and solutions. Work under this new
contract award will be performed in secure Kratos manufacturing facilities. Due to competitive, customer related and other
considerations, no additional information will be provided related to this contract award.
Eric DeMarco, Kratos President and CEO, said, “The Kratos team is committed to being the leader in rapidly developing,
demonstrating and fielding technology leading affordable systems, products and solutions that address mission critical national
security requirements.”
About Kratos Defense & Security Solutions
Kratos Defense & Security Solutions, Inc. (NASDAQ:KTOS) develops and fields transformative, affordable technology, platforms and
systems for United States National Security related customers, allies and commercial enterprises. Kratos is changing the way
breakthrough technology for these industries are rapidly brought to market through proven commercial and venture capital backed
approaches, including proactive research and a streamlined development process. Kratos specializes in unmanned systems, satellite
communications, cyber security/warfare, microwave electronics, missile defense, hypersonic systems, 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 31, 2017, 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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