Kratos Key Member of Team Awarded $8.9 Million Contract


SAN DIEGO, June 4, 2014 (GLOBE NEWSWIRE) – Kratos Defense & Security Solutions, Inc. (Nasdaq:KTOS), a leading National Security Solutions provider, announced today that its Defense & Rocket Support Services (DRSS) Division is a key member of the INDUS Technology team that was recently awarded an $8.9 million contract by the Naval Undersea Warfare Center (NUWC) Keyport.

Under the single award contract, Kratos will provide technical and administrative services to the Code 20 Detachment in Hawaii in support of the MK 30 Mobile Target program and the Vertical Launch System (VLS). Technical services include inspection, integration, test and repair of MK 30 targets, test equipment, and target handling and launch equipment.

Dave Carter, President of Kratos’ DRSS Division, said, “We are pleased to be part of the INDUS winning team and continue our support to NUWC Keyport Code 20. Providing support to the MK 30 Mobile Target program and other strategic target programs is part of Kratos’ core capabilities.”

About Kratos Defense & Security Solutions

Kratos Defense & Security Solutions, Inc. (Nasdaq:KTOS) is a specialized National Security technology Company providing mission critical products, solutions and services for United States National Security. Kratos’ core capabilities are sophisticated engineering, manufacturing and system integration offerings for National Security platforms and programs. Kratos’ areas of expertise include Command, Control, Communications, Computing, Combat Systems, Intelligence, Surveillance and Reconnaissance (C5ISR), satellite communication systems, electronic warfare, unmanned systems, missile defense, cyber warfare, cybersecurity, information assurance, and critical infrastructure security. Kratos has primarily an engineering and technically oriented work force of approximately 3,600. The vast majority of Kratos’ work is performed on a military base, in a secure facility or at a critical infrastructure location. Kratos’ primary end customers are National Security related agencies. News and information are available at 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, including risks related to product failure, general economic conditions and cutbacks in spending. 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. 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 29, 2013, and in subsequent reports on Forms 10-Q and 8-K and other filings made with the SEC by Kratos.

CONTACT: Press Contact:

         Yolanda White

         858-812-7302 Direct

         Investor Information:

         877-934-4687

         investor@kratosdefense.com

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Source: Kratos Defense & Security Solutions, Inc.

 

 

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