Why Kratos Defense Stock Just Popped
Kratos Defense Security (NASDAQ: KTOS) stock jumped 6.5% through 10 a.m. ET Wednesday after announcing a pair of contract wins this morning.
The first contract, worth "multi-million" dollars, hires Kratos to supply Airbus Defence Space (OTC: EADSY) with a ground system for controlling its OmanSat-1 software-defined satellite.
The second will see Kratos support testing and evaluation of thermal protection systems for hypersonic vehicles for the U.S. Department of Defense.
Source Fool.com
Airbus Group SE ADR Aktie
46,40 €
-1,28 %
