Street Calls of the Week
Kratos Defense & Security Solutions stock reached a 52-week high, closing at 96.46 USD. This milestone marks a significant achievement for the company, reflecting a robust upward trajectory over the past year. The stock has experienced a remarkable 1-year change of 289.09%, with particularly strong momentum showing a 212% gain in just the last six months. This performance places Kratos Defense in a favorable position within the defense and security sector, as it continues to capture market interest and expand its influence. InvestingPro analysis reveals 20+ additional investment insights for this stock, available in the comprehensive Pro Research Report.
In other recent news, Kratos Defense & Security Solutions has completed the Preliminary Design Review for the Space Development Agency’s Advanced Fire Control Ground Integration system, allowing the program to proceed on an accelerated timeline. This follows the company’s $116.7 million prime contract awarded in 2024. Additionally, Kratos has been selected as the exclusive U.S. manufacturing partner for Elroy Air’s Chaparral autonomous cargo drone, under a new five-year strategic agreement aimed at boosting production of the hybrid-electric VTOL drone. Meanwhile, Kratos will join the S&P MidCap 400 Index, moving up from the S&P SmallCap 600 Index, indicating significant growth in areas such as unmanned systems and space solutions.
In terms of leadership, Kratos has appointed Brian Shepard as Chief Information Officer, who will manage IT operations and security. Analyst firm Citizens JMP has raised its price target for Kratos Defense stock to $105 from $70, maintaining a Market Outperform rating after discussions at the Miramar Air Show. These recent developments highlight ongoing advancements and strategic moves within Kratos Defense & Security Solutions.
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