Kratos Awarded a $11,097,936 Firm-Fixed-Price Modification to a Previously Awarded Contract for the Procurement of Additional Oriole Rocket Motor Systems

Kratos Defense & Security Solutions, Inc. (Nasdaq:KTOS), a leading National Security Solutions provider, announced today that its Space and Missile Defense Systems business unit out of Glen Burnie, Maryland was awarded a $11,097,936 firm-fixed-price modification to a previously awarded contract (N63394-16-C-0007) for the procurement of additional Oriole rocket motor systems.  This modification is for the procurement of additional Oriole rocket motors and hardware that will be used as sub-orbital vehicles known as Aegis readiness assessment vehicles. Work will be performed in Rocket Center, West Virginia and Glen Burnie, Maryland, and is expected to be completed by January 2020.  Fiscal 2017 research, development, test and evaluation and foreign military sales funding was obligated at time of award.  The Naval Surface Warfare Center Port Hueneme Division, Port Hueneme, California, is the contracting activity for this procurement.

Dave Carter, President of Kratos Defense and Rocket Support Services, said, "Our entire organization is focused on supporting the United States and our Allies' security missions, and we are looking forward to working with this critically important customer to meet its requirements.  In addition to this important opportunity, we are currently focused on a number of additional and new opportunities, related to the hypersonic and high power directed energy laser areas."

Eric DeMarco, President and CEO of Kratos, said, "Kratos supports numerous ballistic missile defense related programs and initiatives including Aegis, Patriot, Terminal High Altitude Aerial Defense, Space Based Infra Red, Iron Dome, Arrow, Barak and others, and we are excited about this important opportunity."  Mr. DeMarco continued; "Over the past several years we have been successfully executing our strategy and integrating, developing and building certain of our core focus areas including ballistic missile defense, satellite communications, unmanned systems, microwave electronics and training systems, and we believe that we are well positioned to continue to receive important program and contract awards."