Asahi shares mark weekly slide after cyberattack halts production
Steven S. Fendley, President, US Division at Kratos Defense & Security Solutions (NASDAQ:KTOS), sold 7,000 shares of common stock on September 29, 2025, for approximately $622150.
The sales were executed in two transactions. The first involved 5,330 shares sold at a weighted average price of $88.761, with individual prices ranging from $88.13 to $89.12. The second transaction involved 1,670 shares sold at a weighted average price of $89.2541, with individual prices ranging from $89.125 to $89.445.
The transactions were executed under a pre-arranged 10b5-1 trading plan adopted on May 12, 2025. Following the transactions, Fendley directly owns 339,419 shares of Kratos Defense & Security Solutions, which includes approximately 2,292 shares held through the company’s 401(k) plan.
In other recent news, Kratos Defense & Security Solutions announced the completion of the Preliminary Design Review for the Space Development Agency’s Advanced Fire Control Ground Integration system, facilitating progress on the project timeline. The company also secured a strategic five-year agreement to be Elroy Air’s exclusive U.S. manufacturing partner for the Chaparral autonomous cargo drone, aiming to boost production of the hybrid-electric VTOL drone. Additionally, Kratos appointed Brian Shepard as Chief Information Officer, who will manage IT operations, including information security and data communications. The company is set to join the S&P MidCap 400 Index, transitioning from the S&P SmallCap 600 Index, reflecting its growth in areas like unmanned systems and propulsion solutions. Furthermore, reports indicate a potential expansion in U.S. drone exports following a policy change by President Donald Trump, which could benefit Kratos and other drone manufacturers by bypassing certain international restrictions.
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