Wednesday, February 23, 2022

Kratos Defense & Security (KTOS)
4Q21 Results Above Consensus

Kratos Defense & Security Solutions is a National Security technology provider with proprietary expertise in the area of unmanned aerial vehicles, electronics for missile defense systems, electronic warfare systems, satellite control and management systems and support services for emerging naval weapon systems. Commercial and state and local government revenues are about 25% of the total and comprise primarily of critical infrastructure monitoring and protection systems.

Joe Gomes, Senior Research Analyst, Noble Capital Markets, Inc.

Joshua Zoepfel, Research Associate, Noble Capital Markets, Inc.

Refer to the full report for the price target, fundamental analysis, and rating.

4Q21 Results. Revenue of $211.6 million, up 2.5% y-o-y, and came in at the mid-point of the $205-$215 million guidance. Revenue increases in most business lines offset the decline in the Training business. Organic revenue growth was 7.7%, excluding the Training business. Adjusted EBITDA came in at $23.4 million versus $22.3 million a year ago. GAAP EPS loss was $0.02, adjusted EPS was $0.11. We had forecast revenue of $210 million, adjusted EBITDA of $21 million, $0.01 GAAP EPS, and adjusted EPS of $0.08.


Unmanned, Space, Satellite, Cyber Key Drivers.  Fourth quarter Unmanned Systems revenue jumped 9.9% to $54.4 million while the Space, Satellite and Cyber business experienced an organic 9.0% increase in revenue to $78.4 million. For the full 2021 year, Unmanned Systems revenue jumped 24% and the Space, Satellite and Cyber business saw its revenue rise by 19% in 2021 …

This research is provided by Noble Capital Markets, Inc., a FINRA and S.E.C. registered broker-dealer (B/D).

*Analyst certification and important disclosures included in the full report. NOTE: investment decisions should not be based upon the content of this research summary.  Proper due diligence is required before making any investment decision. 

Monday, February 14, 2022

Kratos Defense & Security (KTOS)
Redeeming Secured Notes; Another UAV Contract

Kratos Defense & Security Solutions is a National Security technology provider with proprietary expertise in the area of unmanned aerial vehicles, electronics for missile defense systems, electronic warfare systems, satellite control and management systems and support services for emerging naval weapon systems. Commercial and state and local government revenues are about 25% of the total and comprise primarily of critical infrastructure monitoring and protection systems.

Joe Gomes, Senior Research Analyst, Noble Capital Markets, Inc.

Joshua Zoepfel, Research Associate, Noble Capital Markets, Inc.

Refer to the full report for the price target, fundamental analysis, and rating.

Redemption. Late last week, Kratos announced an offer to redeem all of its outstanding $300 million 6.5% Senior Secured Notes due November 2025 on March 14, 2022. Simultaneous with the redemption offer, Kratos is refinancing its credit facility to pay for the redemption. The Company will provide additional details related to the refinancing transaction once it has been completed.


Details.  The Notes will be redeemed for 103.25% of the principal amount plus accrued and unpaid interest. The redemption is expected to save the Company $10-$13 million in cash interest payments annually, based on current interest rates. Kratos will retain its significant cash position, $370 million as of the end of the third quarter, to support future growth, including potential future large …

This research is provided by Noble Capital Markets, Inc., a FINRA and S.E.C. registered broker-dealer (B/D).

*Analyst certification and important disclosures included in the full report. NOTE: investment decisions should not be based upon the content of this research summary.  Proper due diligence is required before making any investment decision. 

Monday, February 14, 2022

Kratos Defense & Security (KTOS)
Redeeming Secured Notes; Another UAV Contract

Kratos Defense & Security Solutions is a National Security technology provider with proprietary expertise in the area of unmanned aerial vehicles, electronics for missile defense systems, electronic warfare systems, satellite control and management systems and support services for emerging naval weapon systems. Commercial and state and local government revenues are about 25% of the total and comprise primarily of critical infrastructure monitoring and protection systems.

Joe Gomes, Senior Research Analyst, Noble Capital Markets, Inc.

Joshua Zoepfel, Research Associate, Noble Capital Markets, Inc.

Refer to the full report for the price target, fundamental analysis, and rating.

Redemption. Late last week, Kratos announced an offer to redeem all of its outstanding $300 million 6.5% Senior Secured Notes due November 2025 on March 14, 2022. Simultaneous with the redemption offer, Kratos is refinancing its credit facility to pay for the redemption. The Company will provide additional details related to the refinancing transaction once it has been completed.


Details.  The Notes will be redeemed for 103.25% of the principal amount plus accrued and unpaid interest. The redemption is expected to save the Company $10-$13 million in cash interest payments annually, based on current interest rates. Kratos will retain its significant cash position, $370 million as of the end of the third quarter, to support future growth, including potential future large …

This research is provided by Noble Capital Markets, Inc., a FINRA and S.E.C. registered broker-dealer (B/D).

*Analyst certification and important disclosures included in the full report. NOTE: investment decisions should not be based upon the content of this research summary.  Proper due diligence is required before making any investment decision. 

Wednesday, February 09, 2022

Kratos Defense & Security (KTOS)
Business Continues To Come In

Kratos Defense & Security Solutions is a National Security technology provider with proprietary expertise in the area of unmanned aerial vehicles, electronics for missile defense systems, electronic warfare systems, satellite control and management systems and support services for emerging naval weapon systems. Commercial and state and local government revenues are about 25% of the total and comprise primarily of critical infrastructure monitoring and protection systems.

Joe Gomes, Senior Research Analyst, Noble Capital Markets, Inc.

Joshua Zoepfel, Research Associate, Noble Capital Markets, Inc.

Refer to the full report for the price target, fundamental analysis, and rating.

$50 Million Award. Yesterday, Kratos announced the receipt of an approximately $50 million contract value increase from a National Security customer for an existing C5ISR program. Kratos supplies the customer with specialized products, hardware, engineering and other services and deliverables.


And $15 Million for Drone Support.  Kratos also received approximately $15 million in contract awards for logistics support, spares, consumables, and support needed for the growing demand for Kratos’ customer drone system operations. The awards are a reflection of the pent-up demand for increased operational missions, which should bode well for Kratos …

This research is provided by Noble Capital Markets, Inc., a FINRA and S.E.C. registered broker-dealer (B/D).

*Analyst certification and important disclosures included in the full report. NOTE: investment decisions should not be based upon the content of this research summary.  Proper due diligence is required before making any investment decision. 

Wednesday, February 09, 2022

Kratos Defense & Security (KTOS)
Business Continues To Come In

Kratos Defense & Security Solutions is a National Security technology provider with proprietary expertise in the area of unmanned aerial vehicles, electronics for missile defense systems, electronic warfare systems, satellite control and management systems and support services for emerging naval weapon systems. Commercial and state and local government revenues are about 25% of the total and comprise primarily of critical infrastructure monitoring and protection systems.

Joe Gomes, Senior Research Analyst, Noble Capital Markets, Inc.

Joshua Zoepfel, Research Associate, Noble Capital Markets, Inc.

Refer to the full report for the price target, fundamental analysis, and rating.

$50 Million Award. Yesterday, Kratos announced the receipt of an approximately $50 million contract value increase from a National Security customer for an existing C5ISR program. Kratos supplies the customer with specialized products, hardware, engineering and other services and deliverables.


And $15 Million for Drone Support.  Kratos also received approximately $15 million in contract awards for logistics support, spares, consumables, and support needed for the growing demand for Kratos’ customer drone system operations. The awards are a reflection of the pent-up demand for increased operational missions, which should bode well for Kratos …

This research is provided by Noble Capital Markets, Inc., a FINRA and S.E.C. registered broker-dealer (B/D).

*Analyst certification and important disclosures included in the full report. NOTE: investment decisions should not be based upon the content of this research summary.  Proper due diligence is required before making any investment decision. 

Kratos Wins $14 Million in Contract Awards for Drone System Logistics Support, Spares, and Consumables

Research, News, and Market Data on Kratos Defense & Security Solutions

 

SAN DIEGO, 
Feb. 07, 2022 (GLOBE NEWSWIRE) — 
Kratos Defense & Security Solutions, Inc. (NASDAQ: KTOS), a leading National Security Solutions provider and industry-leading provider of high-performance, jet-powered unmanned aerial systems, announced today that it has recently received approximately 
$14 million in contract awards for logistics support, spares, consumables, and support needed to address the growing demand for Kratos’ customer drone system operations.   Due to customer-related, competitive, security, and other considerations, no additional information will be provided.

Steve Fendley, President of the Kratos Unmanned Systems Division, said, “These awards signal that with the pent-up demand for increased operational missions, Kratos drones are well-supported with the various parts, consumables, logistics, and engineering support necessary to keep our customers’ air vehicles flying and enabling operations personnel to maintain a high level of readiness. We are proud that our systems continue to be procured and operated all over the world.”

About Kratos Defense & Security Solutions

Kratos Defense & Security Solutions, Inc. (NASDAQ:KTOS) develops and fields transformative, affordable technology, platforms and systems for United States National Security related customers, allies, and commercial enterprises. Kratos is changing the way breakthrough technology for these industries are rapidly brought to market through proven commercial and venture capital backed approaches, including proactive research, and streamlined development
processes. Kratos specializes in unmanned systems, satellite communications, cyber security/warfare, microwave electronics, missile defense, hypersonic systems, small to mid-sized jet engines and technology, training, and combat systems. For more information go to www.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 of Kratos and are subject to significant risks and uncertainty. 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, and Kratos undertakes no obligation to update or revise these statements, whether as a result of new information, future events or otherwise. Although Kratos believes that the expectations reflected in these forward-looking statements are reasonable, these statements involve many risks and uncertainties that may cause actual results to differ materially from what may be expressed or implied in these forward-looking statements. 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 of Kratos in general, see the risk disclosures in the Annual Report on Form 10-K of Kratos for the year ended 
December 30, 2020, and in subsequent reports on Forms 10-Q and 8-K and other filings made with the 
SEC by Kratos.

Press Contact:
Yolanda White
858-812-7302 Direct

Investor Information:
877-934-4687
investor@kratosdefense.com

Source: Kratos Defense & Security Solutions, Inc.

Kratos Wins $14 Million in Contract Awards for Drone System Logistics Support, Spares, and Consumables

Research, News, and Market Data on Kratos Defense & Security Solutions

 

SAN DIEGO, 
Feb. 07, 2022 (GLOBE NEWSWIRE) — 
Kratos Defense & Security Solutions, Inc. (NASDAQ: KTOS), a leading National Security Solutions provider and industry-leading provider of high-performance, jet-powered unmanned aerial systems, announced today that it has recently received approximately 
$14 million in contract awards for logistics support, spares, consumables, and support needed to address the growing demand for Kratos’ customer drone system operations.   Due to customer-related, competitive, security, and other considerations, no additional information will be provided.

Steve Fendley, President of the Kratos Unmanned Systems Division, said, “These awards signal that with the pent-up demand for increased operational missions, Kratos drones are well-supported with the various parts, consumables, logistics, and engineering support necessary to keep our customers’ air vehicles flying and enabling operations personnel to maintain a high level of readiness. We are proud that our systems continue to be procured and operated all over the world.”

About Kratos Defense & Security Solutions

Kratos Defense & Security Solutions, Inc. (NASDAQ:KTOS) develops and fields transformative, affordable technology, platforms and systems for United States National Security related customers, allies, and commercial enterprises. Kratos is changing the way breakthrough technology for these industries are rapidly brought to market through proven commercial and venture capital backed approaches, including proactive research, and streamlined development
processes. Kratos specializes in unmanned systems, satellite communications, cyber security/warfare, microwave electronics, missile defense, hypersonic systems, small to mid-sized jet engines and technology, training, and combat systems. For more information go to www.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 of Kratos and are subject to significant risks and uncertainty. 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, and Kratos undertakes no obligation to update or revise these statements, whether as a result of new information, future events or otherwise. Although Kratos believes that the expectations reflected in these forward-looking statements are reasonable, these statements involve many risks and uncertainties that may cause actual results to differ materially from what may be expressed or implied in these forward-looking statements. 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 of Kratos in general, see the risk disclosures in the Annual Report on Form 10-K of Kratos for the year ended 
December 30, 2020, and in subsequent reports on Forms 10-Q and 8-K and other filings made with the 
SEC by Kratos.

Press Contact:
Yolanda White
858-812-7302 Direct

Investor Information:
877-934-4687
investor@kratosdefense.com

Source: Kratos Defense & Security Solutions, Inc.

Friday, February 04, 2022

Kratos Defense & Security (KTOS)
Continuing Resolution Likely to Impact 2022 Results, But Compelling Risk Reward

Kratos Defense & Security Solutions is a National Security technology provider with proprietary expertise in the area of unmanned aerial vehicles, electronics for missile defense systems, electronic warfare systems, satellite control and management systems and support services for emerging naval weapon systems. Commercial and state and local government revenues are about 25% of the total and comprise primarily of critical infrastructure monitoring and protection systems.

Joe Gomes, Senior Research Analyst, Noble Capital Markets, Inc.

Joshua Zoepfel, Research Associate, Noble Capital Markets, Inc.

Refer to the full report for the price target, fundamental analysis, and rating.

CR. The Federal government continues to operate under a Continuing Resolution budget, now expected to last at least through February 18th. According to Federal News Network, the Senate has not brought any appropriation bills to the floor, and lawmakers are still trying to figure out the top line spending figure. Some have expressed concern that the process to appoint a new Supreme Court justice could push other work further out. Operating under a CR prevents new-start programs and multiyear activities.


But This Too Will Pass.  With a top Navy official last week noting that the Navy could face a half-billion dollar shortfall for its ballistic missile submarine program, alone, if the CR is not resolved, we believe pressure will bear on Congress to do its job and pass a budget …

This research is provided by Noble Capital Markets, Inc., a FINRA and S.E.C. registered broker-dealer (B/D).

*Analyst certification and important disclosures included in the full report. NOTE: investment decisions should not be based upon the content of this research summary.  Proper due diligence is required before making any investment decision. 

Friday, February 04, 2022

Kratos Defense & Security (KTOS)
Continuing Resolution Likely to Impact 2022 Results, But Compelling Risk Reward

Kratos Defense & Security Solutions is a National Security technology provider with proprietary expertise in the area of unmanned aerial vehicles, electronics for missile defense systems, electronic warfare systems, satellite control and management systems and support services for emerging naval weapon systems. Commercial and state and local government revenues are about 25% of the total and comprise primarily of critical infrastructure monitoring and protection systems.

Joe Gomes, Senior Research Analyst, Noble Capital Markets, Inc.

Joshua Zoepfel, Research Associate, Noble Capital Markets, Inc.

Refer to the full report for the price target, fundamental analysis, and rating.

CR. The Federal government continues to operate under a Continuing Resolution budget, now expected to last at least through February 18th. According to Federal News Network, the Senate has not brought any appropriation bills to the floor, and lawmakers are still trying to figure out the top line spending figure. Some have expressed concern that the process to appoint a new Supreme Court justice could push other work further out. Operating under a CR prevents new-start programs and multiyear activities.


But This Too Will Pass.  With a top Navy official last week noting that the Navy could face a half-billion dollar shortfall for its ballistic missile submarine program, alone, if the CR is not resolved, we believe pressure will bear on Congress to do its job and pass a budget …

This research is provided by Noble Capital Markets, Inc., a FINRA and S.E.C. registered broker-dealer (B/D).

*Analyst certification and important disclosures included in the full report. NOTE: investment decisions should not be based upon the content of this research summary.  Proper due diligence is required before making any investment decision. 

Hypersonix and Kratos Sign Agreement to Develop and Fly DART AE Hypersonic Drone

Research, News, and Market Data on Kratos Defense & Security Solutions

 

System to be Powered by Fifth-Generation SPARTAN, Zero Emission, Clean Hydrogen Scramjet Engine

 

SAN DIEGO, 
Jan. 25, 2022 (GLOBE NEWSWIRE) — 
Hypersonix Launch Systems Ltd. and 
Kratos Defense & Security Solutions, Inc. (NASDAQ: KTOS) have signed an agreement to launch the DART AE multi-mission hypersonic drone technology demonstrator. In the Hypersonix Kratos Team’s (the “Team”) submission to the 
Australian Department of Industry, Science, Energy and Resources Modern Manufacturing Initiative (MMI) Grants Program 2, the Team is planning for a launch and initial demonstration flight of the DART AE Hypersonic Drone System in 2023.

The Hypersonix DART AE, a multi-mission, hypersonic drone, will be fully 3D-printed out of exquisite high-temperature materials and powered by a single, fifth-generation SPARTAN, zero emission, clean hydrogen scramjet engine with a publicly disclosable range of 500km.

Kratos brings to the team and proposed effort its extensive digital engineering capabilities and sounding rocket booster integration and launch experience. The Kratos booster system will accelerate the DART AE drone to a speed greater than Mach 5 and release the vehicle, ignition of the Drone scramjet engine will occur, and autonomous flight of DART AE will proceed along a programmed flight path to a predetermined landing location.

Hypersonix Launch Systems is an Australian Aerospace Engineering company, specialising in the design and build of scramjet engines and hypersonic vehicles. Their SPARTAN scramjet engine is hydrogen fueled and designed to operate between Mach 5 and 12 in support of multiple missions.

Kratos is a leading provider of innovative products and solutions supporting ballistic missile targets, hypersonic systems, sub-orbital research, sounding rockets, unmanned drone systems, turbine technologies, directed energy and laser program systems. Kratos has significant experience in launching Australian hypersonic “experiments”, having been involved with multiple hypersonic launches in collaboration with the 
Defence and Science Technology Group, investigating the fundamental science of hypersonic technology and its potential for next generation aeronautical propulsion systems for technical, commercial and security purposes.

Kratos’ extensive involvement in past hypersonic experimental flight test programs demonstrates their ability to launch a variety of hypersonic vehicles and makes them a unique and highly qualified partner and teammate for Hypersonix, as the launch provider for the first DART AE flight in 2023.

“Kratos is excited to team up with Hypersonix on this innovative project and we look forward to supporting their development and the integration and flight of this truly disruptive and enabling Australian technology. DART AE is an ideal opportunity for Kratos to further showcase our extensive hypersonic launch system capability” said  David Carter, President of Kratos’ 
Defense Rocket & Support Services Division.

David Waterhouse, Hypersonix Managing Director and Co-Founder adds: “Kratos is an experienced launch provider who has a proven track record of launching payloads around the world. They understand hypersonic technology and flight and are ready to support us with the first launch of our transformative technology that will be faster, more sustainable, and more efficient than current technology. It is incredibly exciting to work with the Kratos team on this project and we are thrilled to share this news today with the public. “

ABOUT HYPERSONIX
Hypersonix Launch Systems is an Australian engineering, design and build company specializing in scramjet engines and hypersonic technology. Hypersonix is developing several hypersonic vehicles that fly at hypersonic speeds between Mach 5 and Mach 12 with zero CO₂ emissions, only water vapor, and have applications in both satellite launch and high-speed aviation.

For more information, please watch the company video at https://vimeo.com/538520388 and go to www.hypersonix.com.au.

ABOUT KRATOS

Kratos Defense & Security Solutions (NASDAQ: KTOS) develops and fields transformative, affordable technology, platforms, systems for United States National Security related customers, allies, and commercial enterprises. Kratos is changing the way breakthrough technology for these industries are rapidly brought to market through proven commercial and venture capital backed approaches, including proactive research, and streamlined development processes. At Kratos, affordability is a technology, and we specialise in unmanned systems, satellite communications, cyber security/warfare, microwave electronics, missile defense, hypersonic systems, training, combat systems and next generation turbo jet and turbo fan engine development. For more information go to www.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 of Kratos and are subject to significant risks and uncertainty. 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, and Kratos undertakes no obligation to update or revise these statements, whether as a result of new information, future events or otherwise. Although Kratos believes that the expectations reflected in these forward-looking statements are reasonable, these statements involve many risks and uncertainties that may cause actual results to differ materially from what may be expressed or implied in these forward-looking statements. 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 of Kratos in general, see the risk disclosures in the Annual Report on Form 10-K of Kratos for the year ended 
December 27, 2020, and in subsequent reports on Forms 10-Q and 8-K and other filings made with the 
SEC by Kratos.

Press Contact:
Yolanda White
858-812-7302 Direct

Investor Information:
877-934-4687
investor@kratosdefense.com

Source: Kratos Defense & Security Solutions, Inc.

Hypersonix and Kratos Sign Agreement to Develop and Fly DART AE Hypersonic Drone

Research, News, and Market Data on Kratos Defense & Security Solutions

 

System to be Powered by Fifth-Generation SPARTAN, Zero Emission, Clean Hydrogen Scramjet Engine

 

SAN DIEGO, 
Jan. 25, 2022 (GLOBE NEWSWIRE) — 
Hypersonix Launch Systems Ltd. and 
Kratos Defense & Security Solutions, Inc. (NASDAQ: KTOS) have signed an agreement to launch the DART AE multi-mission hypersonic drone technology demonstrator. In the Hypersonix Kratos Team’s (the “Team”) submission to the 
Australian Department of Industry, Science, Energy and Resources Modern Manufacturing Initiative (MMI) Grants Program 2, the Team is planning for a launch and initial demonstration flight of the DART AE Hypersonic Drone System in 2023.

The Hypersonix DART AE, a multi-mission, hypersonic drone, will be fully 3D-printed out of exquisite high-temperature materials and powered by a single, fifth-generation SPARTAN, zero emission, clean hydrogen scramjet engine with a publicly disclosable range of 500km.

Kratos brings to the team and proposed effort its extensive digital engineering capabilities and sounding rocket booster integration and launch experience. The Kratos booster system will accelerate the DART AE drone to a speed greater than Mach 5 and release the vehicle, ignition of the Drone scramjet engine will occur, and autonomous flight of DART AE will proceed along a programmed flight path to a predetermined landing location.

Hypersonix Launch Systems is an Australian Aerospace Engineering company, specialising in the design and build of scramjet engines and hypersonic vehicles. Their SPARTAN scramjet engine is hydrogen fueled and designed to operate between Mach 5 and 12 in support of multiple missions.

Kratos is a leading provider of innovative products and solutions supporting ballistic missile targets, hypersonic systems, sub-orbital research, sounding rockets, unmanned drone systems, turbine technologies, directed energy and laser program systems. Kratos has significant experience in launching Australian hypersonic “experiments”, having been involved with multiple hypersonic launches in collaboration with the 
Defence and Science Technology Group, investigating the fundamental science of hypersonic technology and its potential for next generation aeronautical propulsion systems for technical, commercial and security purposes.

Kratos’ extensive involvement in past hypersonic experimental flight test programs demonstrates their ability to launch a variety of hypersonic vehicles and makes them a unique and highly qualified partner and teammate for Hypersonix, as the launch provider for the first DART AE flight in 2023.

“Kratos is excited to team up with Hypersonix on this innovative project and we look forward to supporting their development and the integration and flight of this truly disruptive and enabling Australian technology. DART AE is an ideal opportunity for Kratos to further showcase our extensive hypersonic launch system capability” said  David Carter, President of Kratos’ 
Defense Rocket & Support Services Division.

David Waterhouse, Hypersonix Managing Director and Co-Founder adds: “Kratos is an experienced launch provider who has a proven track record of launching payloads around the world. They understand hypersonic technology and flight and are ready to support us with the first launch of our transformative technology that will be faster, more sustainable, and more efficient than current technology. It is incredibly exciting to work with the Kratos team on this project and we are thrilled to share this news today with the public. “

ABOUT HYPERSONIX
Hypersonix Launch Systems is an Australian engineering, design and build company specializing in scramjet engines and hypersonic technology. Hypersonix is developing several hypersonic vehicles that fly at hypersonic speeds between Mach 5 and Mach 12 with zero CO₂ emissions, only water vapor, and have applications in both satellite launch and high-speed aviation.

For more information, please watch the company video at https://vimeo.com/538520388 and go to www.hypersonix.com.au.

ABOUT KRATOS

Kratos Defense & Security Solutions (NASDAQ: KTOS) develops and fields transformative, affordable technology, platforms, systems for United States National Security related customers, allies, and commercial enterprises. Kratos is changing the way breakthrough technology for these industries are rapidly brought to market through proven commercial and venture capital backed approaches, including proactive research, and streamlined development processes. At Kratos, affordability is a technology, and we specialise in unmanned systems, satellite communications, cyber security/warfare, microwave electronics, missile defense, hypersonic systems, training, combat systems and next generation turbo jet and turbo fan engine development. For more information go to www.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 of Kratos and are subject to significant risks and uncertainty. 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, and Kratos undertakes no obligation to update or revise these statements, whether as a result of new information, future events or otherwise. Although Kratos believes that the expectations reflected in these forward-looking statements are reasonable, these statements involve many risks and uncertainties that may cause actual results to differ materially from what may be expressed or implied in these forward-looking statements. 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 of Kratos in general, see the risk disclosures in the Annual Report on Form 10-K of Kratos for the year ended 
December 27, 2020, and in subsequent reports on Forms 10-Q and 8-K and other filings made with the 
SEC by Kratos.

Press Contact:
Yolanda White
858-812-7302 Direct

Investor Information:
877-934-4687
investor@kratosdefense.com

Source: Kratos Defense & Security Solutions, Inc.

Kratos Receives $50 Million Sole Source Contract Option Award for 65 Production BQM-177A Aerial Target Drones from U.S. Navy

Research, News, and Market Data on Kratos Defense & Security Solutions

 

SAN DIEGO, 
Dec. 28, 2021 (GLOBE NEWSWIRE) — 
Kratos Defense & Security Solutions, Inc. (Nasdaq: KTOS), a leading National Security Solutions provider, announced today following the Government announcement, that 
Kratos Unmanned Aerial Systems (KUAS) has been awarded a 
$50,917,490 contract modification (P00007) to a previously awarded firm-fixed-price contract (N0001920C0075). This modification exercises an option to procure 65 BQM-177A Subsonic Aerial Targets, 50 for the 
Navy, seven for the government of 
Japan, and eight for the government of 
Saudi Arabia, as well as associated technical and administrative data in support of full rate production lot three. The Naval Air Systems Command, 
Patuxent River, Maryland, is the contracting activity. Due to customer-related, competitive, security, and other considerations, no additional information will be provided.

Steve Fendley, President of Kratos Unmanned Systems Division, said, “The Kratos team is incredibly proud to receive this third consecutive full rate production option award supporting our 
U.S. Navy customer. We are also excited that 15 of these drone aircraft will support the 
U.S. Government’s foreign allies. Throughout the challenges of the last two years, Kratos has remained focused on developing, producing, and delivering target and tactical drone systems to support the established and forecasted customer needs.”

About Kratos Defense & Security Solutions

Kratos Defense & Security Solutions, Inc. (NASDAQ:KTOS) develops and fields transformative, affordable technology, platforms and systems for United States National Security related customers, allies and commercial enterprises. Kratos is changing the way breakthrough technology for these industries are rapidly brought to market through proven commercial and venture capital backed approaches, including proactive research and streamlined development processes. At Kratos, affordability is a technology and we specialize in unmanned systems, satellite communications, cyber security/warfare, microwave electronics, missile defense, hypersonic systems, training, combat systems and next generation turbo jet and turbo fan engine development. For more information go to www.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 of Kratos and are subject to significant risks and uncertainty. 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, and Kratos undertakes no obligation to update or revise these statements, whether as a result of new information, future events or otherwise. Although Kratos believes that the expectations reflected in these forward-looking statements are reasonable, these statements involve many risks and uncertainties that may cause actual results to differ materially from what may be expressed or implied in these forward-looking statements. 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 of Kratos in general, see the risk disclosures in the Annual Report on Form 10-K of Kratos for the year ended 
December 27, 2020, and in subsequent reports on Forms 10-Q and 8-K and other filings made with the 
SEC by Kratos.

Press Contact:
Yolanda White
858-812-7302 Direct

Investor Information:
877-934-4687
investor@kratosdefense.com

Source: Kratos Defense & Security Solutions, Inc.

Kratos Receives $50 Million Sole Source Contract Option Award for 65 Production BQM-177A Aerial Target Drones from U.S. Navy

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SAN DIEGO, 
Dec. 28, 2021 (GLOBE NEWSWIRE) — 
Kratos Defense & Security Solutions, Inc. (Nasdaq: KTOS), a leading National Security Solutions provider, announced today following the Government announcement, that 
Kratos Unmanned Aerial Systems (KUAS) has been awarded a 
$50,917,490 contract modification (P00007) to a previously awarded firm-fixed-price contract (N0001920C0075). This modification exercises an option to procure 65 BQM-177A Subsonic Aerial Targets, 50 for the 
Navy, seven for the government of 
Japan, and eight for the government of 
Saudi Arabia, as well as associated technical and administrative data in support of full rate production lot three. The Naval Air Systems Command, 
Patuxent River, Maryland, is the contracting activity. Due to customer-related, competitive, security, and other considerations, no additional information will be provided.

Steve Fendley, President of Kratos Unmanned Systems Division, said, “The Kratos team is incredibly proud to receive this third consecutive full rate production option award supporting our 
U.S. Navy customer. We are also excited that 15 of these drone aircraft will support the 
U.S. Government’s foreign allies. Throughout the challenges of the last two years, Kratos has remained focused on developing, producing, and delivering target and tactical drone systems to support the established and forecasted customer needs.”

About Kratos Defense & Security Solutions

Kratos Defense & Security Solutions, Inc. (NASDAQ:KTOS) develops and fields transformative, affordable technology, platforms and systems for United States National Security related customers, allies and commercial enterprises. Kratos is changing the way breakthrough technology for these industries are rapidly brought to market through proven commercial and venture capital backed approaches, including proactive research and streamlined development processes. At Kratos, affordability is a technology and we specialize in unmanned systems, satellite communications, cyber security/warfare, microwave electronics, missile defense, hypersonic systems, training, combat systems and next generation turbo jet and turbo fan engine development. For more information go to www.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 of Kratos and are subject to significant risks and uncertainty. 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, and Kratos undertakes no obligation to update or revise these statements, whether as a result of new information, future events or otherwise. Although Kratos believes that the expectations reflected in these forward-looking statements are reasonable, these statements involve many risks and uncertainties that may cause actual results to differ materially from what may be expressed or implied in these forward-looking statements. 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 of Kratos in general, see the risk disclosures in the Annual Report on Form 10-K of Kratos for the year ended 
December 27, 2020, and in subsequent reports on Forms 10-Q and 8-K and other filings made with the 
SEC by Kratos.

Press Contact:
Yolanda White
858-812-7302 Direct

Investor Information:
877-934-4687
investor@kratosdefense.com

Source: Kratos Defense & Security Solutions, Inc.