Archer Aviation reports manufacturing ramp with six aircraft in production
Phillip D. Carrai, President of the STC Division at Kratos Defense & Security Solutions, Inc. (NASDAQ:KTOS), sold 6,000 shares of common stock on July 15, 2025, according to a Form 4 filing with the Securities and Exchange Commission. The sales, executed under a pre-arranged 10b5-1 trading plan, generated $308,503.
The transactions involved two separate sales. The first sale consisted of 4,920 shares sold at a weighted average price of $51.2894, for a total value of approximately $252,314. These shares were sold in multiple transactions at prices ranging from $50.965 to $51.78. The second sale involved 1,080 shares at a price of $52.00, totaling $56,160. The stock has since climbed to $58.91, representing a 27% gain in the past week alone. InvestingPro subscribers have access to 18 additional key insights about KTOS’s valuation and momentum indicators.
Following the transactions, Carrai directly owns 270,104 shares of Kratos common stock. This includes 11,385 shares purchased through the company’s Employee Stock Purchase Plan and approximately 4,240 shares held through Kratos’ 401(k) Plan. Carrai also indirectly owns 46,644 shares held in trust. At the current market price, his total holdings represent a significant stake in the defense contractor, which now commands a market capitalization of $9.9 billion.
In other recent news, Kratos Defense & Security Solutions announced that the U.S. Marine Corps will transition the XQ-58 Valkyrie drone into a Program of Record, moving it into production. This development follows confirmation from a Pentagon official and is expected to positively impact Kratos’ financial forecasts, as noted by Raymond (NSE:RYMD) James, which reiterated its Strong Buy rating and $40.00 price target for the company. Additionally, Kratos successfully demonstrated an end-to-end 5G Non-Terrestrial Network in collaboration with Intelsat, showcasing the capability to extend terrestrial 5G networks via satellite connections. This milestone supports the advancement of ubiquitous 5G connectivity across terrestrial and space networks.
In other analyst-related news, Cantor Fitzgerald reiterated its Overweight rating and set a $60.00 price target, citing potential catalysts such as scaling of the XQ-58, microwave electronics, and munitions opportunities. Noble Capital also raised its price target on Kratos to $60.00, maintaining an Outperform rating, emphasizing the company’s growth potential in both defense and commercial sectors. The firm highlighted Kratos’ recent capital raise as providing additional options for pursuing these opportunities. Furthermore, a Fox News report indicated an increase in drone production and deployment orders from Defense Secretary Pete Hegseth, which has contributed to positive sentiment in the drone sector.
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