UPDATE: Kratos Receives $4.4M Contract

Kratos Defense & Security Solutions, Inc. (Nasdaq: KTOS), a leading National Security Solutions provider, announced today that its Defense & Rocket Support Services (DRSS) Division has recently received a Task Order under the Theoretical Research & Engineering Research contract with a total value of $4.36 million related to certain Ballistic Missile Defense programs. Kratos received $3.6 million in funding under this award with an option for an additional $760K. Kratos' DRSS Division supports leading technology strategic defense programs and initiatives, including ballistic missile defense, hypersonic vehicles, directed energy systems and the electromagnetic railgun. Due to customer related and other considerations, no additional information will be provided related to these recent awards.Dave Carter, President of Kratos' DRSS Division, said, "Kratos supports certain of our country's mission critical National Security programs, and our entire organization is committed to providing low cost, technologically advanced products and solutions for our customers."