Kratos Receives $9.0 Million in Electronic Warfare, Missile and Radar System Product Orders

SAN DIEGO, Dec. 29, 2014 (GLOBE NEWSWIRE) -- Kratos Defense & Security Solutions, Inc. KTOS, a leading National Security Solutions provider, announced today that its Electronic Products Division (KEPD) has recently received $9.0 million in electronic warfare, missile and radar system program orders, including the delivery of specially packaged and state of the art integrated microwave assemblies. KEPD is an industry leader in the design, manufacture and packaging of microwave and RF subsystems and components, radar instrumentation, electronic warfare simulators and flight systems. KEPD products support the United States' and its allies' most sophisticated radar, missile, electronic warfare, intelligence, surveillance and reconnaissance and unmanned aerial systems. Work under these contract awards will be performed in secure KEPD manufacturing facilities. Due to customer specific and other considerations, no additional information is being provided.

Rich Poirier, President of KEPD, said, "We are proud to have been selected to support these customers' strategic national security related platforms."

About Kratos Defense & Security Solutions

Kratos Defense & Security Solutions, Inc. 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. 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 29, 2013, and in subsequent reports on Forms 10-Q and 8-K and other filings made with the SEC by Kratos.