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Why Kratos Defense Stock Just Popped

TheMotleyFool

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Why Kratos Defense Stock Just Popped: https://g.foolcdn.com/editorial/images/856799/rocket-in-upper-atmosphere-breaks-apart-to-reveal-hypersonic-missile-within.jpg

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