Kratos Defense (KTOS) Stock Skyrockets on Navy $175M Radar Deal & Drone Boom – Analysts React
Kratos Defense (NASDAQ: KTOS) surged over 270% year-to-date, hitting a 52-week high of $112.57 in early October before closing at $98.55 on Oct. 9 after a B. Riley downgrade. The company, now in the S&P MidCap 400, holds a market cap near $16.6 billion and trades at a P/E ratio around 985. Recent contracts include a potential $175 million Navy radar upgrade and a five-year deal for Elroy Air’s cargo drone.