Core Insights - A significant price target increase by RBC Capital's Ken Herbert has positively impacted Kratos Defense & Security Solutions' stock, leading to a nearly 4% rise in share price, contrasting with a 0.5% decline in the S&P 500 index [1][2] Group 1 - RBC Capital raised its fair value assessment of Kratos by 38%, setting a new price target of $90 per share, up from $65, while maintaining an outperform (buy) recommendation [2] - The timing of the price target increase coincided with positive business developments from Kratos, indicating a potential correlation between the two [3] - Kratos announced a five-year strategic manufacturing arrangement with Elroy Air, focusing on self-piloting aircraft for military logistics, making Kratos the exclusive manufacturing partner for Elroy's Chaparral cargo drone [4] Group 2 - On the same day, Kratos and GE Aerospace initiated altitude testing on the GEK800 drone engine, designed for next-generation unmanned aerial systems and collaborative combat aircraft [5] - The developments in partnerships and technology advancements suggest a strong growth trajectory for Kratos in the defense sector [4][5]

60 Minutes overtime. Do you see a world where machines are fighting our battles for us. Oh, absolutely.It's already happening. Our story this week is about Palmer Lucky. He is the billionaire founder of Androl, which makes autonomous weapons that are powered by artificial intelligence.To be clear, autonomous does not mean remote controlled. Once an autonomous weapon is programmed and given a task, it can use artificial intelligence for surveillance or to identify, select, and engage targets. No operator nee ...