Kratos Receives $23 Million Unmanned Aerial Drone System Production Award

January 16, 2018
SAN DIEGO, Jan. 08, 2018 (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 an approximate $23 million production award for a new high performance, jet powered unmanned aerial drone system which has been under development.  The majority of work to be performed under this new contract award is expected to be executed over the approximate next 12 months.  This contract award is the initial year’s production, with multiple years of additional annual production expected thereafter.  USD is an industry leader in the rapid design, development and fielding of affordable high performance jet powered unmanned aerial drone systems for tactical and threat representation target purposes.  Work under this program will be performed at secure Kratos production facilities and at customer locations.  Due to customer related, competitive and other considerations, no additional information will be provided related to this program or contract award.

Steve Fendley, President of Kratos Unmanned Systems Division, said, “All of Kratos USD is proud and excited to have achieved this initial production milestone with this extremely important customer. USD is the recognized leader in high performance jet powered unmanned aerial drone systems, and this aircraft is another leading edge of technology example.”

Eric DeMarco, President and CEO of Kratos, said, “Since 2012, when we completed our last major acquisition at Kratos, we have successfully integrated acquired businesses into a technology, intellectual property, and product based Company, while also investing in core focus areas including high performance unmanned aerial drone aircraft.  We are now completing investments on a number of these new UAS platforms and entering production, which we expect will be key contributors to future increases in revenue, profit, cash flow and overall Kratos shareholder value.  We are confident that Kratos’ ability to rapidly develop, demonstrate and field technology rich, affordable systems is a demonstrated key differentiator for our Company.”    

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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Source: Kratos Defense & Security Solutions, Inc.

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

January 2, 2018

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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Source: Kratos Defense & Security Solutions, Inc.

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Kratos Receives $27 Million Single Award IDIQ Unmanned Drone Systems Contract from U.S. Government Agency

December 21, 2017

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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Source: Kratos Defense & Security Solutions, Inc.

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