Kratos Defense & Security Solutions, Inc (NASDAQ:KTOS) Hits New 52-Week Highs

Kratos Defense & Security Solutions, Inc (NASDAQ:KTOS)

Kratos Defense & Security Solutions, Inc (NASDAQ:KTOS) shares continue to ascend as the market rewards shareholders with ever increasing demand on the back of news that the U.S. Government recently awarded its RT Logic subsidiary an important Wideband Communications Architecture Study (WCAS) contract to help define the next generation resilient ground architecture for the Department of Defense (DoD). Four months ago, KTOS shares were trading at around $7 but since mid-May the shares have rocketed. YTD KTOPS shares have gone up over 64%, they have gone up over 55% for the quarter, and up almost 10% for the past month. Earlier this week the shares eclipsed the analyst’s consensus price target of $12.21 and today KTOS shares have established a new 52-week high.

Kratos Defense & Security Solutions, Inc (NASDAQ:KTOS)
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Kratos Defense & Security Solutions, Inc. (KTOS) is a mid-tier government contractor at the forefront of the Department of Defense’s Third Offset Strategy. Kratos is a leading technology, intellectual property and proprietary product and solution company focused on the United States and its allies’ national security. Kratos is considered by some to be an industry leader in high performance unmanned aerial drone target systems used to test weapon systems and to train the warfighter, and is a provider of high performance unmanned combat aerial systems for force multiplication and amplification.  Kratos is also an industry leader in satellite communications, microwave electronics, cyber security/warfare, missile defense and combat systems.  Kratos has primarily an engineering and technically oriented work force of approximately 2,800. Substantially all of Kratos’ work is performed on a military base, in a secure facility or at a critical infrastructure location. Kratos’ primary end customers are National Security related agencies.

I have no positions in any of the stocks mentioned, and have no plans to initiate any positions within the next 72 hours. All information, including any data, is provided without any guarantees of accuracy.

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About the author: James Marion is a University of Houston student studying Business with a concentration in Finance. James has interned with several investment professionals and hopes to pursue a career as a professional stock analyst after graduation.

Author: James Marion

James Marion is a University of Houston student studying Business with a concentration in Finance. James has interned with several investment professionals and hopes to pursue a career as a professional stock analyst after graduation.

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