KRATOS DEFENSE & SECURITY SOLUTIONS, INC.

Kratos Defense & Security Solutions, Inc. (NASDAQ: KTOS) operates as a specialized defense and security technology company serving government and commercial customers through innovative solutions in unmanned systems, cybersecurity, and related technologies. The company maintains its corporate presence at www.kratosdefense.com and operates across multiple business segments focused on addressing critical national security and defense requirements.

The company's core business encompasses the design, development, and production of advanced unmanned aerial vehicles, target systems, and related defense technologies that support military operations and training. Kratos also provides cybersecurity solutions and services tailored to government and defense sector clients. The company's portfolio includes both hardware platforms and software-based security systems that address evolving threats in the defense and intelligence communities.

Kratos operates through distinct business divisions that serve different aspects of the defense and security markets. The company's customer base primarily consists of the U.S. Department of Defense, intelligence agencies, and allied government entities, along with select commercial customers requiring specialized security solutions. The company maintains operational facilities across multiple locations to support manufacturing, research and development, and customer support functions.

The company has built competitive advantages through specialized expertise in unmanned systems technology, established relationships with government procurement agencies, and proprietary cybersecurity capabilities. Kratos maintains a focus on innovation and technology development to address emerging defense requirements and market opportunities. The company's business model centers on long-term government contracts and programs that provide recurring revenue streams while supporting the development of next-generation defense technologies.

This $300 million revolving credit facility, dated February 20, 2026, provides Kratos with financial flexibility to support operations, working capital needs, and strategic initiatives. The credit agreement includes provisions for letters of credit and swingline loans, with pricing tied to leverage ratios and administered by PNC Bank as the lead arranger and administrative agent.