Kratos Receives $4.2 Million Contract Award to Provide Specialized C5ISR Program Products to National Security Customer

Kratos Defense & Security Solutions, Inc. (Nasdaq: KTOS), a leading National Security Solutions provider, announced today that it has received a $4.2 million contract award for the production of approximately 50 specialized systems in support of a Command, Control, Communications, Computing, Combat, Intelligence, Surveillance and Reconnaissance (C5ISR) program for a National Security related customer.  Kratos Modular Systems Division, which received this contract award, is an industry leader in providing specialized systems in support of unmanned aerial drone system, missile defense, radar, satellite communications and other C5ISR platforms and programs.  Work under this recent contract award will be performed in a secure Kratos manufacturing facility.  Due to customer related, competitive and other considerations, no additional information will be provided related to this recent contract award.

Tom Mills, President of Kratos Modular Systems Division, said, “Our business is focused on supporting our national security customers and their mission critical programs, and our entire organization is proud to have received this recent contract award.”

About Kratos Defense & Security SolutionsKratos 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 streamlined development processes. 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 StatementsCertain 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 White858-812-7302 Direct

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