Kratos Receives $4.1 Million C5ISR System Contract Award

SAN DIEGO, June 27, 2019 (GLOBE NEWSWIRE) — Kratos Defense & Security Solutions, Inc. (Nasdaq: KTOS), a leading National Security Solutions provider, announced today that it has recently received a $4.1 million contract award to provide hardware and subsystems in support of a Command, Control, Communications, Computing, Combat and Intelligence, Surveillance and Reconnaissance (C5ISR) aerial defense related program and platform.  Kratos’ C5ISR Modular Systems business provides specialized, High Altitude Electromagnetic Pulse Protected (HEMP) products, systems and subsystems in support of Missile Defense, Missile, Radar, Unmanned, High Power Directed Energy, Surface Combatant and other systems and platforms.  Work under this recent contract award will be performed in secure Kratos manufacturing facilities.  Due to competitive, customer related and other considerations, no additional information will be provided.

Tom Mills, President of Kratos’ C5ISR Modular Systems Division, said, “Ballistic missile and aerial defense systems and platforms are a core business area of Kratos, and our entire organization is honored to have been selected to support this key national security related program.”

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, 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 30, 2018, 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

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PHOTO RELEASE–Huntington Ingalls Industries Hires James J. LaCroix as Corporate Director, Advanced Technologies Office

NEWPORT NEWS, Va., May 10, 2019 (GLOBE NEWSWIRE) — Huntington Ingalls Industries (HII) announced today that James J. LaCroix has been named corporate director of HII’s Advanced Technologies Office in Newport, Rhode Island. He will report directly to John J. Donnelly, corporate vice president of advanced technologies.

As the director of the Advanced Technologies Office, LaCroix is responsible for interaction and cooperation with the Naval Undersea Warfare Center, Newport Division, and with the Naval War College to strengthen HII’s ability to translate innovative ideas and technologies more quickly into operational capabilities for customers. This position also supports experimentation, exercises and analytic efforts through internal research and development across the company.

“Jim brings more than 35 years of leadership and technical expertise gained at the Naval Undersea Warfare Center,” Donnelly said. “His extensive experience with unmanned undersea vehicles and torpedo development provides him with a deep understanding of the challenges of integrating unmanned system technologies into the fleet. Jim’s knowledge of our customer and industry will add tremendous strength to our advanced technologies group, and we are very excited to have him join our team.”

A photo of LaCroix is available here: https://newsroom.huntingtoningalls.com/file/james-lacroix.

LaCroix started his career at NUWC as a college intern in 1980. Upon graduation in 1983, he accepted a full-time position in NUWC’s torpedo department, where he spent a majority of his career involved in all phases of the torpedo acquisition process, including developing acquisition and contractual documentation and the design, development and testing of torpedo programs. He also spent three years as a line supervisor of the unmanned undersea vehicle branch. For the last 10 years, he provided direct support to the Navy’s Undersea Weapons Program Office in a variety of torpedo acquisition roles.

LaCroix earned bachelor’s and master’s degrees in electrical engineering from Southeastern Massachusetts University (now University of Massachusetts Dartmouth).

Huntington Ingalls Industries is America’s largest military shipbuilding company and a provider of professional services to partners in government and industry. For more than a century, HII’s Newport News and Ingalls shipbuilding divisions in Virginia and Mississippi have built more ships in more ship classes than any other U.S. naval shipbuilder. HII’s Technical Solutions division provides a wide range of professional services through its Fleet Support, Mission Driven Innovative Solutions, Nuclear & Environmental, and Oil & Gas groups. Headquartered in Newport News, Virginia, HII employs more than 40,000 people operating both domestically and internationally. For more information, visit:

Contact:

Beci Brenton
Beci.brenton@hii-co.com
(202) 264-7143

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Northrop Grumman to Participate in Goldman Sachs Industrials & Materials Conference 2019

FALLS CHURCH, Va., May 10, 2019 (GLOBE NEWSWIRE) — Northrop Grumman Corporation (NYSE: NOC) will participate in Goldman Sachs Industrials & Materials Conference 2019 on Thursday, May 16. Ken Bedingfield, corporate vice president and chief financial officer, and Steve Movius, treasurer and vice president, investor relations will present beginning at 11:30 a.m. Eastern time. The presentation will be webcast live at www.northropgrumman.com.

Northrop Grumman is a leading global security company providing innovative systems, products and solutions in autonomous systems, cyber, C4ISR, space, strike, and logistics and modernization to customers worldwide. Please visit news.northropgrumman.com and follow us on Twitter, @NGCNews, for more information.

Note: Statements to be made at the conference, including in the presentation and in any accompanying materials, contain or may contain “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995. Words such as “will,” “expect,” “anticipate,” “intend,” “may,” “could,” “should,” “plan,” “project,” “forecast,” “believe,” “estimate,” “guidance,” “outlook,” “trends,” “goals” and similar expressions generally identify these forward-looking statements. These forward-looking statements speak only as of the date when made, and the Company undertakes no obligation to publicly update or revise any forward-looking statements after the date of the subject presentation, except as required by applicable law. Forward-looking statements are not guarantees of future performance and inherently involve a wide range of risks and uncertainties that are difficult to predict. A discussion of these risks and uncertainties is contained in the Company’s filings with the Securities and Exchange Commission.  

Contact: 
Tim Paynter (Media)
703-280-2720
timothy.paynter@ngc.com

Steve Movius (Investors)
703-280-4575
steve.movius@ngc.com

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