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Stock impact report

Why Kratos Defense Stock Popped 5.5% Today [Yahoo! Finance]

Kratos Defense & Security Solutions, Inc. (KTOS) 
Last kratos defense & security solutions, inc. earnings: 2/24 04:00 pm Check Earnings Report
US:NASDAQ Investor Relations: kratosdefense.com
Company Research Source: Yahoo! Finance
Kratos Defense & Security Solutions (NASDAQ: KTOS) stock enjoyed a second straight day of gains Wednesday as the stock rose 5.5% through 2:55 p.m. ET -- significantly better than yesterday's 1.2% increase. And yet, it was news yesterday that drove the gains. Kratos lands a defense contract Specifically, news that the U.S. Air Force has awarded Kratos a $79.9 million contract to produce 60 BQM-167A "target aircraft systems" (i.e., target drones). The extra $80 million amounts to about 7% of annual revenue for the defense contractor. And yet, it wasn't unexpected. As Kratos noted, this order is for the 20th "lot" of drones to be delivered under a five-year supply contract that is worth, in total, up to $374 million for the company. The company expects a total of about 21 lots to be ordered to max out that value, so the contract is actually nearing completion -- both good news and bad for Kratos. (Although the contract could certainly be extended or renewed.) Is Kratos stock a Show less Read more
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