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Kratos Supports First Patriot Missile Firing for Hellenic Air Defense Exercise at NATO Missile Firing Installation

SAN DIEGO, Dec. 4, 2012 (GLOBE NEWSWIRE) -- Kratos Defense & Security Solutions, Inc. (Nasdaq:KTOS), a leading National Security Solutions provider, announced today that its subsidiary, Composite Engineering Inc. (CEI), successfully supported Patriot Weapon System live fire exercises for the Hellenic Air Defense Forces on November 17, 2012 at the NATO Missile Firing Installation (NAMFI) located on the Greek island of Crete. Utilizing Kratos' internationally deployed Firejet aerial target drone system, designed and produced by CEI, the Kratos team provided an incoming aerial target flight, which represented a certain advanced threat against the Joint Forces.

During the operations, Kratos' Firejet target drone, which flew a specific and predetermined flight sequence consistent with a certain threat representation, was successfully tracked, engaged and fired upon by a Patriot Weapon System. In a letter of appreciation received by Kratos CEI and their local partner, ALTUS LSA, the NAMFI Commander said that "perfect cooperation and communication was achieved between all involved parties, a fact that illustrated that the companies CEI and ALTUS LSA are manned with highly trained and competent personnel and also the service provision on their behalf are of high standards."

The Firejet target system is the third in a series of advanced high speed aerial target drone systems exclusively designed and manufactured by Kratos' CEI. Already a provider of high performance aerial target drones to the United States Air Force and United States Navy, CEI routinely supports worldwide missile firing exercises with its suite of aerial target systems.

Richard Selvaggio, President of Kratos' Unmanned Systems Solution Division, said, "I am extremely proud of our CEI team and our FireJet aerial target drone systems performance in providing advanced threat representations in support of some of the world's most advanced air and missile defense systems at one the world's premier missile firing ranges. Kratos' FireJet System is a key element in our strategy to be the premier global provider of aerial targets, which represent some of the the most lethal threats facing the United States and our Allies Armed Forces throughout the world. Kratos Target Systems, including Kratos Aegis Readiness Assessment Vehicle (ARAV), are supporting many of the most advanced air and ballistic missile defense systems deployed today."

About Kratos Defense & Security Solutions

Kratos Defense & Security Solutions, Inc. (Nasdaq:KTOS) is a specialized National Security technology business providing mission critical products, services and solutions 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, unmanned systems, cyber warfare, cybersecurity, information assurance, and critical infrastructure security. Kratos has primarily an engineering and technically oriented work force of approximately 4,400. 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.

The Kratos Defense & Security Solutions, Inc. logo is available at http://www.globenewswire.com/newsroom/prs/?pkgid=3519

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 general economic conditions and cutbacks in government 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 25, 2011, 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

Source:Kratos Defense & Security Solutions, Inc.