Kratos Receives $32 Million in National Security Program Awards

Kratos Receives $32 Million in National Security Program Awards

Radar and Missile System Program Products to be Produced at Secure Kratos
Manufacturing Facilities

SAN DIEGO, July 7, 2014 (GLOBE NEWSWIRE) -- Kratos Defense & Security
Solutions, Inc. (Nasdaq:KTOS), a leading National Security Solutions provider,
announced today that its Modular Systems Division (KMSD) recently received
approximately $32 million in contract awards for specialty products and
systems in support of certain National Security programs, including Radar,
Missile System and Warfighter support programs. KMSD, which will be performing
the work under these programs, is an industry leader in the design,
engineering, manufacture, and integration of specialty modular systems and
products that support mission critical United States National Security
programs and those of our allies. KMSD products support leading technology and
disruptive programs, including unmanned systems, intelligence, surveillance
and reconnaissance platforms, radar and missile systems, the electromagnetic
rail gun and chemical, biological, radiation, nuclear and explosive (CBRNE)
sensing programs.

Work performed under these contract awards will be performed at secure Kratos
manufacturing facilities.Due to customer related and other considerations, no
additional information will be provided related to these programs.

Tom Mills, President of KMSD, said, "Our entire organization is proud to have
recently received these specialized product orders supporting these incredibly
important programs and National Security focused customers.With these recent
new program orders, June 2014 KMSD bookings came in at approximately $64
million, a record for our organization, positioning KMSD for a strong second
half of fiscal 2014."

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. 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

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:

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