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SAN DIEGO—Stacey G. Rock, President of the KTT Division at Kratos Defense & Security Solutions, Inc. (NASDAQ:KTOS), recently sold 4,000 shares of the company’s common stock. The transaction, completed on April 1, was executed under a 10b5-1 trading plan adopted on May 22, 2024.
The shares were sold at a weighted average price of $29.27, generating a total value of $117,092. The sales price ranged from $28.92 to $29.68 per share, as reported in the filing. Following this transaction, Rock retains ownership of 57,524 shares, which includes shares acquired through the company’s Employee Stock Purchase Plan and 401(k) Plan. The company, currently valued at $4.66 billion, maintains strong financial health with a current ratio of 2.94 and holds more cash than debt on its balance sheet.
This move by a key executive at Kratos, known for its work in guided missiles and space vehicles, is part of a pre-arranged trading plan, providing a structured approach to stock transactions. For deeper insights into Kratos’s valuation and 14 additional key investment tips, investors can access the comprehensive research report available on InvestingPro.
In other recent news, Kratos Defense & Security Solutions has announced several key developments. The company has been awarded a $3.4 million contract from the U.S. Navy for logistics support and engineering services for the BQM-177A Subsonic Aerial Target (NYSE:TGT) System, with potential total value reaching $19.1 million over four years. Kratos has also been included in the S&P SmallCap 600 Index, a recognition of its growth and market position in the defense and aerospace sectors. Additionally, Kratos has begun construction on its new Hypersonic System Indiana Payload Integration Facility, expected to be operational by the end of 2026, which will support hypersonic vehicle and payload activities.
The company also announced that its OpenEdge 2500 digitizer has achieved compliance with the Digital IF Interoperability (DIFI) standard, marking a significant milestone in satellite network equipment. These developments are part of Kratos’ ongoing strategy to deliver affordable and rapid solutions in defense technology. The company’s President and CEO, Eric DeMarco, highlighted the importance of these advancements in supporting national security and technological growth. Investors and analysts will likely continue to monitor Kratos’ progress as it expands its capabilities and market reach.
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