Kratos Receives $15.1 Million in Electronic Product Contract Awards in Support of Intelligence, Surveillance, Reconnaissance,

Kratos Receives $15.1 Million in Electronic Product Contract Awards in Support
of Intelligence, Surveillance, Reconnaissance, Missile and Radar System
Programs

SAN DIEGO, Jan. 16, 2014 (GLOBE NEWSWIRE) -- Kratos Defense & Security
Solutions, Inc. (Nasdaq:KTOS), a leading National Security Solutions provider,
announced today that its Electronic Products (EP) division has recently
received orders for specialized electronic products valued at approximately
$15.1 million in support of certain critical intelligence, surveillance,
reconnaissance, missile and radar system programs. Under the new contract
awards, Kratos will provide a variety of its sophisticated integrated
microwave assemblies and other specialized electronic products, which will be
integrated into these important national security platforms. Manufacturing of
the products to be provided by Kratos will take place at secure Kratos EP
division facilities. Due to the nature of the programs being supported,
customer specific and other considerations, no additional information is being
provided related to these recent contract awards.

Rich Poirier, President of Kratos' EP division, said, "We are pleased to have
received these recent contract awards in support of these important National
Security related programs. Kratos is a premier provider of very specialized
microwave and millimeter wave products in support of electronic warfare,
intelligence, surveillance, reconnaissance, missile system and radar programs
for the United States and international allies' militaries and armed forces
worldwide. Additionally, Kratos EP is also currently under contract and making
significant internal research and development investments related to next
generation jamming, missile, radar and electronic warfare systems."

About  Kratos Defense & Security Solutions

Kratos Defense & Security Solutions, Inc. (Nasdaq:KTOS) is a specialized
National Security technology Company providing mission critical products,
services and solutions 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.Kratoshas primarily an engineering and technically
oriented work force of approximately 3,850. The vast majority ofKratos'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 atwww.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 ofKratosand 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, andKratosundertakes 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 ofKratosin general,
see the risk disclosures in the Annual Report on Form 10-K ofKratosfor the
year endedDecember 30, 2012, and in subsequent reports on Forms 10-Q and 8-K
and other filings made with theSECbyKratos.

CONTACT: Press Contact:
         Yolanda White
         858-812-7302 Direct
        
         Investor Information:
         877-934-4687
         investor@kratosdefense.com

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