Kratos Awarded Contract Option Delivery Order Valued at $13.9 Million to Provide Satellite Command and Control System Sustainment

SAN DIEGO, Jan. 04, 2018 (GLOBE NEWSWIRE) -- Kratos Defense & Security Solutions, Inc. (Nasdaq:KTOS), a leading National Security Solutions provider, announced today that it has received a delivery order valued at $13.9 million for satellite and communication system products, hardware and equipment. This is an option against a previously-awarded contract.

This award exercises an option period for mission activity and maneuver planning, telemetry processing, commanding, orbit and attitude management, resource management, space vehicle and ground system simulation, security, support planning and execution, training and testing. Satellite state-of-health operations include launch, early orbit, on-orbit, anomaly resolution, disposal, and backup operations.

"At a time of increasingly congested and contested space operations Kratos is one of the few commercial companies that can offer this mix of cutting edge technical solutions, products and services to support mission-specific requirements of defense applications," said Phil Carrai, President of the Kratos Technology & Training Division. "We are pleased to continue to support the U.S. military with products and tailored solutions for protected, resilient military satellite operations."

Due to customer related and other considerations, no additional information will be provided related to this contract award.

About Kratos Defense & Security Solutions
Kratos Defense & Security Solutions, Inc. (NASDAQ:KTOS) develops transformative, affordable technology for the Department of Defense and commercial customers. Kratos is changing the way breakthrough technology for these industries are brought to market through proactive research and a streamlined development process. Kratos specializes in unmanned systems, satellite communications, cyber security/warfare, microwave electronics, missile defense, training and combat systems. For more information, go to www.KratosDefense.com.