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Kratos Team Awarded $13.4 Million Contract at Pacific Missile Range Facility

SAN DIEGO, May 29, 2015 (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 the primary member of the Saalex Solutions, Inc. (Saalex) team, which was recently awarded a $13.4 million, three and one half year contract by the Pacific Missile Range Facility (PMRF).

Under the contract, Kratos will provide technical support and other services to PMRF in support of strategic program test events conducted at the PMRF location. Technical services include mission planning, information technology management, mission event scheduling and related mission documentation development.

Dave Carter, President of Kratos’ DRSS Division, said, “We are proud to be part of the Saalex winning team and to regain our technical support position to PMRF. Providing support to PMRF and strategic Navy programs, including Aegis Ballistic Missile Defense, is a key part of Kratos’ core capabilities and national security offerings.”

KDRSS is a leading provider of high technology products and solutions for strategic national security programs and initiatives, including disruptive railgun, hypersonic vehicle, directed energy weapon and ballistic missile defense target programs and missile and combat system upgrade and support.

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 and Intelligence, Surveillance and Reconnaissance (C5ISR) systems, satellite communications, electronic warfare, unmanned systems, hypersonic systems, directed and high power energy systems, electromagnetic railgun, 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. Substantially all 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 28, 2014, 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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