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March 8, 2019
Kratos XQ-58A Valkyrie Completed its Maiden Flight on March 5, 2019

SAN DIEGO – Kratos Defense & Security Solutions, Inc. (NASDAQ:KTOS), a leading National Security Solutions provider, announced today that Kratos’ XQ-58A Valkyrie completed its maiden flight on March 5, 2019 at Yuma Proving Grounds, Arizona. Kratos Unmanned Aerial Systems (KUAS) and the Air Force Research Laboratory (AFRL) partnered on the development of the XQ-58A Valkyrie. The XQ-58A demonstrator is a low-cost unmanned air vehicle (UAV). During the first flight, the vehicle completed its test objectives during a 76 minute flight. The Valkyrie is a runway independent UAV capable of long-range flights at high-subsonic speeds.

The joint effort falls within the Air Force Research Laboratory’s Low Cost Attritable Aircraft Technology (LCAAT) portfolio, which has the objective to break the escalating cost trajectory of tactically relevant aircraft.

Reference Public Release Number: 88ABW-2019-0836

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, 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, 2018, and in subsequent reports on Forms 10-Q and 8-K and other filings made with the SEC by Kratos.

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