Why Kratos Defense Stock Popped 5.5% Today
KTOSKratos Defense & Security Solutions(KTOS) The Motley Fool·2024-09-19 04:08

Kratos continues raking in defense contracts, but its stock comes at a very high price. Kratos Defense & Security Solutions (KTOS 4.37%) stock enjoyed a second straight day of gains Wednesday as the stock rose 5.5% through 2:55 p.m. ET -- significantly better than yesterday's 1.2% increase. And yet, it was news yesterday that drove the gains. Kratos lands a defense contract Specifically, news that the U.S. Air Force has awarded Kratos a $79.9 million contract to produce 60 BQM167A "target aircraft systems" ...