Item 5.02. Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.

(d) Election of Director Effective May 26, 2021, the Board of Directors (the "Board") of Kratos Defense & Security Solutions, Inc. (the "Company"), upon the recommendation of the Nominating and Corporate Governance Committee, elected Deanna Hom Lund. Ms. Lund will serve as a director of the Company until the Company's 2022 annual meeting of stockholders. Ms. Lund has served as Executive Vice President and Chief Financial Officer of the Company since April 2009 and will continue to serve in such positions. Ms. Lund is a Certified Public Accountant and brings significant finance and corporate development experience to the Board.

Upon the unanimous recommendation of the Board's Nomination & Governance Committee, the Board also voted to increase the size of the Company's board to nine members, with Ms. Lund filling one of the two vacancies. The Board expects to fill the second vacancy within the next 18 months when a suitable candidate is identified. The Board has not appointed Ms. Lund to any committees of the Board at this time. There are no arrangements or understandings between Ms. Lund and any other persons pursuant to which she was elected as a director, and Ms. Lund has no direct or indirect material interest in any transaction required to be disclosed pursuant to Item 404(a) of Regulation S-K. Ms. Lund will not receive additional compensation for service as a director.

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