Kratos Receives Approximate $30M Sole Source Air Defense System Hardware Production Award

Kratos Defense & Security Solutions, Inc. (NASDAQ: KTOS), a technology company in the defense, national security and global markets, announced today that it has received an approximate $30 million Sole Source Air Defense System Hardware Production award. Kratos is an industry leading designer, engineer and manufacturer of military grade hardware, at quantity, in support of United States air defense, hypersonic, propulsion, high-performance jet drones and other mission critical National Security related systems. Work under this production award will be performed at a secure Kratos manufacturing facility. Due to competitive, security related and other considerations, no additional information will be provided related to this award.

Eric DeMarco, President and CEO of Kratos, said, “Kratos is a recognized industry leader in designing, engineering and manufacturing military grade hardware for weapon systems—systems that have to work every time for our warfighters, partners and customers. Kratos’ C5ISR business unit is currently under contract and in large scale production on multiple hypersonic, missile, radar, and air defense related systems, including this program award we announced today. Our entire Company is proud to have been selected to produce and provide this critical air defense system hardware for this United States National Security customer.”