Kratos Receives Prime Contract Award to Deliver Up to 33 Oriole Rocket Motors to US Government Customer

Kratos Defense & Security Solutions, Inc. (Nasdaq:KTOS), a leading National Security Solutions provider, announced today that it has recently received a single award prime contract, for up to 33 Oriole Rocket motors, including Options.   Kratos has exclusive rights to sell Oriole Solid Propellant Rocket Motors (SPRMs) for specific market areas, including Missile Defense Threat Representative Targets, Suborbital Research and Sounding Rockets.  Kratos leverages its exclusive rights agreement to deliver Rocket Motors, Systems, Products and Solutions for Missile Defense, Hypersonics, Weapon System Research and other mission critical National Security areas.

Kratos Defense & Rocket Support Services (DRSS) Division, which received this recent contract award, is a leading provider of products and solutions in support of ballistic missile targets, hypersonic systems, sub orbital research, sounding rockets, directed energy and laser programs and systems.  Work under this recent contract award will be performed at a secure Kratos facility and vendor locations.  Due to competitive, customer related and other considerations, no additional information will be provided related to this contract award.

Dave Carter, President of DRSS, said, “Certain of Kratos’ most valuable assets, in which we have made significant investments over the past several years, include our intellectual property ownership and related license agreements, which provide Kratos sole source, single source or differentiating competitive positions. Kratos is committed to providing U.S. Government Agencies and other customers with rapidly developed, demonstrated and fielded affordable technology leading systems to address their missions and requirements. This relationship and recent contract award through which DRSS will support up to 33 target, hypersonic or other missions is a key element of our business units future growth plans."

Eric DeMarco, President and CEO of Kratos Defense & Security Solutions, said, “The Navy / Kratos partnership with Kratos proprietary Oriole Solid Rocket Motor Systems has enabled successful launches of a wide-range of sub-orbital vehicles including; ballistic missile targets, hypersonic payloads and NASA science tests.  We are currently in pursuit of additional hypersonic program opportunities as the lead prime contractor with this flight proven leading technology system. Kratos will continue to invest in products and technology that enhance our proprietary offerings related to sub-orbital missions, including Kratos Turbine Technologies, which is working with certain government customers in the air breathing hypersonic propulsion area.”