Its products are in high demand as conflicts flare around the world -- but does its stock cost too much?Kratos Defense & Security Solutions (KTOS 7.99%) got a big lift Friday when investment bank Raymond James upgraded its stock from outperform to strong buy and raised its price target to $27 a share.As of 1:22 p.m. ET, shares of the tiny defense contractor were up by about 7.5%.What Raymond James is saying about KratosThe reason for the upgrade was obvious: "Drones & Air Defense ... demand has accelerated ...

SAN DIEGO and LUXEMBOURG, April 17, 2024 (GLOBE NEWSWIRE) -- Kratos Defense & Security Solutions, Inc. (NASDAQ:KTOS), a technology company in the defense, national security and global markets, and SES, a leader in global content connectivity solutions, successfully executed a fully virtualized satellite communications (SATCOM) ground system demonstration for the U.S. Army's Combat Capabilities Development Command, both announced today. Kratos and SES successfully showed a flexible network architecture facil ...

Modern warfare tactics have changed drastically. Increasingly, unmanned aerial vehicles (UAVs) have played a pivotal role in shaping the defense landscape, which bodes well for security specialist Kratos Defense (NASDAQ:KTOS). With its UAV project gaining steam, KTOS stock could be an intriguing long-side wager.Specifically, Kratos developed a stealthy unmanned UAV called the Valkyrie XQ-58A. Per the company’s website, the Valkyrie is a combat drone designed to deliver weapons or assist fighter jets. Powere ...

SAN DIEGO, April 15, 2024 (GLOBE NEWSWIRE) -- Kratos Defense & Security Solutions, Inc. (NASDAQ:KTOS), a technology company in the defense, national security and global markets, announced today that its Space & Missile Defense Systems (SMDS) Business Unit, a part of Kratos' Defense & Rocket Support Services (DRSS) Division, successfully completed the static test firing of the Zeus 2 solid rocket motor (SRM) with Aerojet Rocketdyne, an L3Harris Technologies (NYSE:LHX) company, at their Camden, Arkansas facil ...

One analyst is tempering her expectations for the company heading into earnings season.A Wall Street analyst is tapping the brakes on Kratos Defense & Security Solutions (KTOS -2.18%), and investors are taking notice. Shares of the defense tech company fell by 4.6% at the open Wednesday.Don't expect fireworksKratos manufactures drones and defense electronics products. It's best known today for its aerial target drones, but it also has a line of more advanced "loyal wingman" products that it hopes will one d ...

SAN DIEGO, April 03, 2024 (GLOBE NEWSWIRE) -- Kratos Defense & Security Solutions, Inc. (NASDAQ:KTOS), a Technology Company in the Defense, National Security and Global Markets, today announced an update related to its Board of Directors. As the result of an ongoing Board augmentation and refreshment process, the Company has appointed Brigadier General (Retired) Bobbi Doorenbos to the Kratos Board of Directors, effective March 28, 2024. General Doorenbos brings significant relevant and diverse experience an ...

Having successfully flown AI pilots on five aircraft — three classes of quadcopters, the MQ-35A V-BAT, and the F-16 in fully autonomous air combat training — Shield AI's Hivemind AI pilot has now successfully flown on and controlled the Kratos MQM-178 Firejet. These successful flights are a major milestone in the comprehensive integration project as Shield AI and Kratos look to ultimately productize another configuration of the Valkyrie, in this case with Shield AI's Hivemind AI pilot. "Our substantial inve ...

Kratos Defense & Security Solutions, Inc. (KTOS) recently announced that its Unmanned Systems division has secured a modification contract involving its BQM-177A aerial target drones. The award has been provided by the U.S. Navy.The contract is valued at $57.7 million. Per the terms of the deal, Kratos will manufacture and supply 70 BQM-177A Surface Launched Aerial Targets and 70 Rocket-Assisted Takeoff attachment kits. The company is also responsible for providing related technical and administrative data ...

SAN DIEGO, Feb. 28, 2024 (GLOBE NEWSWIRE) -- Kratos Defense & Security Solutions, Inc. (NASDAQ:KTOS), a technology company in Defense, National Security and Global Markets, is pleased to congratulate Stuart Daughtridge, Kratos VP of Advanced Technology, on being named a finalist for Via Satellite's 2023 Satellite Executive of the Year Award. Nominees are chosen based on their contributions to the global satellite markets, technologies, business practices, services, innovations, advocacy or any combination t ...

SAN DIEGO, Feb. 21, 2024 (GLOBE NEWSWIRE) -- Kratos Defense & Security Solutions, Inc. ("Kratos") (NASDAQ:KTOS), a Technology Company in the Defense, National Security and Global Markets, today announced that it intends to offer for sale $300,000,000 of shares of its common stock in an underwritten offering pursuant to an effective shelf registration statement filed with the Securities and Exchange Commission (the "SEC"). The underwriters will have a 30-day option to purchase up to an additional $45,000,000 ...