Kratos Receives $9 Million Contract Award for Railgun Fire Control and Hypervelocity Guided Projectile Prototype Development

Kratos Receives $9 Million Contract Award for Railgun Fire Control and
Hypervelocity Guided Projectile Prototype Development

SAN DIEGO, May 20, 2014 (GLOBE NEWSWIRE) -- Kratos Defense & Security
Solutions, Inc. (Nasdaq:KTOS), a leading National Security Solutions provider,
announced today that its Kratos Defense and Rocket Support Services Division
(KDRSS) recently received a $9 millioncontract award to support the prototype
development of the railgun fire control system and hypervelocity guided
projectile.Under the new contract award,KDRSS will design, engineer,
manufacture, and deliver prototype projectiles and a fire control system to
support at-sea and land demonstrations that are currently scheduled to begin
in 2016. Due to customer related and other considerations, no additional
information will be provided related to this contract award.

Robert Weaver, Kratos' Railgun Program Manager, said, " We are pleased to
continue our support of the Railgun Program and look forward to working with
the Fire Control and Hypervelocity Projectile Integrated Product Teams to
develop and field a railgun weapon system."

Dave Carter, President of KDRSS, said, "We are proud to have received this
recent contract award from this very important customer in support of the
railgun effort.In addition to the railgun, other leading technology programs
and initiatives KDRSS supports include hypersonic vehicles, directed energy
weapons and ballistic missile defense targets."

AboutKratos Defense & Security Solutions

Kratos Defense & Security Solutions, Inc.(Nasdaq: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.Kratoshas primarily an engineering and
technically oriented work force of approximately 3,700. Substantially all
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 29, 2013, 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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