Kratos Key Member of Team Awarded $8.9 Million Contract

Kratos Key Member of Team Awarded $8.9 Million Contract

Single Award Contract to Continue Support for Naval Undersea Warfare Center

SAN DIEGO, June 4, 2014 (GLOBE NEWSWIRE) -- Kratos Defense & Security
Solutions, Inc. (Nasdaq:KTOS), a leading National Security Solutions provider,
announced today that its Defense & Rocket Support Services (DRSS) Division is
a key member of the INDUS Technology team that was recently awarded an $8.9
million contract by the Naval Undersea Warfare Center (NUWC) Keyport.

Under the single award contract, Kratos will provide technical and
administrative services to the Code 20 Detachment in Hawaii in support of the
MK 30 Mobile Target program and the Vertical Launch System (VLS).Technical
services include inspection, integration, test and repair of MK 30 targets,
test equipment, and target handling and launch equipment.

Dave Carter, President of Kratos' DRSS Division, said, "We are pleased to be
part of the INDUS winning team and continue our support to NUWC Keyport Code
20.Providing support to the MK 30 Mobile Target program and other strategic
target programs is part of Kratos' core capabilities."

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 3,600. 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 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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