Kratos defense SVP sells shares worth $49,949

Marie Mendoza, Senior Vice President and General Counsel of Kratos Defense (NASDAQ:KTOS) & Security Solutions, Inc. (NASDAQ:KTOS), recently sold 1,500 shares of the company's common stock. The transaction, which took place on January 15, was executed at a price of $33.30 per share, totaling approximately $49,949.

The sale was conducted under a 10b5-1 trading plan that Mendoza adopted on March 15, 2021, and amended on December 4, 2023. Following this transaction, Mendoza holds 61,782 shares in Kratos, which includes 1,971 shares purchased through the company's Employee Stock Purchase Plan and about 14,238 shares held through the company's 401(k) Plan. For investors seeking deeper insights, InvestingPro offers 16 additional investment tips and a comprehensive analysis of KTOS's financial health, with the next earnings report scheduled for February 20.

In other recent news, Kratos Defense & Security Solutions has seen a series of significant developments. Baird recently upgraded Kratos' shares forecast following a $1.45 billion contract win in the hypersonic market, which is expected to contribute to a 20% top-line growth for Kratos' KGS segment in 2026. The company's revenue growth currently stands at 11.3%.

B.Riley also upgraded Kratos from Neutral to Buy, accompanied by a price target increase from $26 to $35, following the company's substantial contract award for the Multi-Service Advanced Capability Hypersonic Test Bed (MACH-TB) 2.0. This contract is the largest in Kratos' history and is expected to enhance hypersonic flight testing capabilities for the U.S. Department of Defense.

In addition, Kratos secured a $6.5 million contract from the Defense Advanced Research Projects Agency (DARPA) for hypersonic flight testing and is set to develop a supersonic engine in collaboration with GE Additive and StandardAero. This development is fully funded by Boom Supersonic.

Furthermore, Kratos reported robust third-quarter revenues in 2024, reaching $275.9 million, marking an 8.7% organic growth in unmanned systems and surpassing estimates. The company is also projecting a 10% year-over-year revenue growth for 2025. Research firms Jefferies and Raymond (NS:RYMD) James have maintained their respective Hold and Strong Buy ratings on Kratos, reflecting a positive outlook on the company's growth potential in the defense sector.

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