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Thomas E. Mills IV, President of the C5ISR Division at Kratos Defense & Security Solutions NASDAQ:KTOS, sold 5,758 shares of common stock on September 2, 2025. The sales, executed under a pre-arranged 10b5-1 trading plan, resulted in total proceeds of $377384.
The shares were sold in multiple transactions with prices ranging from $63.7767 to $67.11. Specifically, 300 shares were sold at a weighted average price of $63.7767, in prices ranging from $63.24 to $64.05; 3,375 shares were sold at a weighted average price of $65.2248, in prices ranging from $64.79 to $65.67; 1,983 shares were sold at a weighted average price of $66.2668, in prices ranging from $65.90 to $66.75; and 100 shares were sold at $67.11.
Following these transactions, Mills directly owns 9,692 shares of Kratos Defense & Security Solutions. This includes 232 shares purchased through the company’s Employee Stock Purchase Plan and approximately 3,702 shares held through the company’s 401(k) Plan.
In other recent news, Kratos Defense & Security Solutions reported second-quarter revenue of $351.5 million, surpassing analyst expectations of $306.5 million by 15%. The company also achieved organic growth of 15.2%, exceeding the flat growth anticipated by Wall Street analysts. Following these results, Raymond James doubled its price target for Kratos Defense to $80.00 from $40.00, maintaining a Strong Buy rating. Additionally, BTIG upgraded Kratos Defense from Neutral to Buy, citing the company’s selection for the Marine Corps’ MUX TACAIR program as a significant development. Noble Capital also raised its price target to $75.00 from $60.00, while keeping an Outperform rating. In other updates, Kratos Defense launched a redesigned corporate website with a new brand tagline, "Readiness Delivered," which emphasizes its focus on providing affordable defense systems. These developments highlight Kratos Defense’s recent progress and strategic initiatives.
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