Kratos Defense & Security Issues LOI To L3Harris Technologies For Order Of 40 Zeus 1, 20 Zeus 2 Hypersonic Motors

Kratos Defense & Security Solutions, Inc. (NASDAQ:KTOS), a leader in defense, national security and global markets, announced today that it has issued a letter of intent to L3Harris Technologies (LHX: NYSE) for an order of 40 Zeus 1 and 20 Zeus 2 hypersonic motors. The large Zeus SRM acquisition by Kratos is representative of the existing under contract, expected future hypersonic and other system launch manifest(s), as Kratos continues to execute its longstanding strategy of making internally funded investments to move fast, and be first to market with affordable, relevant systems for U.S. National Security.

The Zeus 1 and Zeus 2 are high-performance, 32.5-inch diameter solid rocket motors (SRMs) providing substantial performance improvements over similar legacy rockets. They are purposely designed to be fully compatible with existing payloads and launch infrastructure, to enable rapid integration of new technologies and advanced payloads, including those currently under development by Kratos. These and other key attributes will provide Kratos and our customers, including the MACH-TB 2.0 program, with opportunities to fly more often, faster and farther, using fewer stages, and at a substantially reduced cost.