Key Points Elroy Air has hired Kratos to help it build the Chaparral VTOL military cargo drone. Production will begin in 2026. Kratos is a drone stock costing nearly 1,000 times trailing earnings. 10 stocks we like better than Kratos Defense & Security Solutions › Kratos Defense & Security Solutions (NASDAQ: KTOS), a leading manufacturer of drones for the U.S. military, gained 4.6% through 12:20 p.m. ET after announcing a new five-year strategic manufacturing agreement with Elroy Air. Image sourc ...

Core Insights - Raytheon has introduced the APG-82(V)X radar, which enhances range and processing speed to address emerging threats [1] Company Overview - Raytheon is a business unit of RTX, focusing on advanced radar technology [1] Product Features - The APG-82(V)X radar is a next-generation system that builds on the capabilities of its predecessor, the combat-proven APG-82 radar [1] - The new radar system is designed to improve operational effectiveness in combat scenarios [1]

Core Viewpoint - AeroVironment (AVAV) is experiencing strong growth in unmanned systems, supported by strategic acquisitions and military contract wins, despite its steep valuation [1][2]. Company Overview - AeroVironment is a leading defense technology company based in Arlington, Virginia, specializing in unmanned aerial systems (UAS) with a market capitalization of approximately $14.4 billion [3]. Stock Performance - Over the past 52 weeks, AeroVironment stock has increased by 58%, closing at $288.08, which is about 3% below its 52-week high of $295.90 [4]. - Year-to-date, the stock has risen by 87%, driven by defense sector growth and increased demand for unmanned aerial systems [4]. Valuation Metrics - The stock is currently trading at a premium, with a forward earnings multiple of 78.15 and a forward sales multiple of 16.95, compared to sector medians and its historical averages [5]. Financial Performance - In the first quarter of fiscal 2026, AeroVironment reported revenue of $454.7 million, a 140% year-over-year increase, largely due to the acquisition of BlueHalo, which contributed $123.7 million to product revenue and $111.5 million to service revenue [6].

Advanced digital models improve data sharing internally and with suppliers EAST HARTFORD, Conn., Sept. 23, 2025 /PRNewswire/ -- Pratt & Whitney, an RTX (NYSE: RTX) business, is accelerating the development of its XA103 engine for the U.S. Air Force's Next Generation Adaptive Propulsion (NGAP) program with the use of digital data packages. ...

SAN DIEGO, Sept. 23, 2025 (GLOBE NEWSWIRE) -- Kratos Defense & Security Solutions, Inc. (Nasdaq: KTOS), a Technology Company in the Defense, National Security and Global Markets, today announced that Elroy Air, a leading developer of autonomous aerial cargo systems for middle-mile logistics and military resupply, has selected Kratos as Elroy Air’s exclusive U.S. manufacturing partner for the Chaparral in a new five-year strategic manufacturing agreement to accelerate expected high-volume production of the C ...

JACKSONVILLE, Fla.--(BUSINESS WIRE)---- $RDW--Redwire Corporation (NYSE: RDW), a global leader in space and defense technology solutions, today announced that its wholly owned subsidiary, Edge Autonomy, has delivered additional aircraft from its Penguin uncrewed aerial system (UAS) series to the Ukraine Armed Forces. Edge Autonomy has been contracted directly by the Ukraine Armed Forces, since the full-scale Russian invasion in February 2022, to deliver Penguin UAS for advanced combat-proven reconnaissa. ...

Core Insights - Radia is developing the Windrunner, an ultra-large air cargo aircraft designed to transport military cargo, including fighter jets and helicopters [1][3] - The Windrunner boasts a cargo capacity 12 times greater than the Boeing C-17 Globemaster III, with dimensions allowing it to carry large payloads without disassembly [2][3] - The aircraft can operate from shorter runways and has a range of up to 1,200 miles, making it a competitive option for military logistics [4] Company Developments - Radia is positioning the Windrunner to meet the needs of the U.S. armed forces by transporting weapons platforms and military equipment [3] - The startup is part of a growing trend where new companies are entering the defense sector, indicating a shift in military logistics and transportation dynamics [5][7] Industry Trends - The defense sector is witnessing increased involvement from startups, with companies like Senra raising significant funding to enhance U.S. defense manufacturing [5] - Salesforce has also entered the defense market with its Missionforce division, indicating competition in government-grade AI software [6]

Core Insights - Volatus Aerospace Inc. has expanded its tactical intelligence, surveillance, and reconnaissance (ISR) drone contract by an additional C$700,000, raising the total contract value to approximately C$1.7 million, with deliveries expected to be completed in September 2025 [1][3] Company Overview - Volatus Aerospace is a Canadian leader in aerial intelligence and cargo solutions, providing innovative global aerial solutions for various industries, including oil and gas, energy utilities, healthcare, public safety, and infrastructure [4] - The company has over 100 years of combined institutional knowledge in aviation and is committed to enhancing operational efficiency, safety, and sustainability through advanced aerial technologies [4] Product and Market Position - The ISR drone systems offered by Volatus are designed for rapid deployment, day-and-night operations, and robust data capture, which enhances tactical situational awareness [2] - The expansion of the contract reflects the customer's confidence in Volatus' ability to deliver mission-critical ISR solutions on time and at scale, indicating a growing demand for scalable and cost-effective ISR capabilities across NATO member states [2][3]

Market Performance - U.S. stock indexes experienced a pullback after reaching all-time highs for three consecutive days, with the S&P 500 down 0.6%, Dow Jones Industrial Average down 0.2%, and Nasdaq composite down 0.9% [1][2] - Nvidia's stock declined by 2.8% after a significant gain the previous day due to a partnership announcement with OpenAI [2] - Other major tech stocks also saw losses, with Amazon falling 3% and Microsoft slipping 1% [3] Company-Specific Developments - Boeing's stock rose by 2% following an agreement with Uzbekistan Airways to purchase 14 Dreamliner airplanes, with the possibility of adding eight more [3] - Kenvue's stock increased by 1.6% as it recovered from a previous drop related to concerns over its Tylenol product and autism risk, despite no substantial new research being cited [4] Gold Market Insights - Gold prices continued to rise, briefly surpassing $3,800 per ounce, marking a nearly 45% increase this year, driven by expectations of interest rate cuts by the Federal Reserve [5][6] - Concerns about high inflation and government debt have contributed to the surge in gold prices [6] Federal Reserve Commentary - Federal Reserve Chairman Jerome Powell indicated that stock prices appear "fairly highly valued," reflecting concerns about the market's rapid rise [2] - The Fed is in a challenging position with rising job market concerns and persistent inflation above the 2% target, leading to discussions of potential interest rate cuts [6][7]

NEW YORK, Sept. 22, 2025 (GLOBE NEWSWIRE) -- Levi & Korsinsky, LLP notifies investors in Lockheed Martin Corporation ("Lockheed Martin Corporation" or the "Company") (NYSE: LMT) of a class action securities lawsuit. CLASS DEFINITION: The lawsuit seeks to recover losses on behalf of Lockheed Martin Corporation investors who were adversely affected by alleged securities fraud between January 23, 2024 and July 21, 2025. Follow the link below to get more information and be contacted by a member of our team: htt ...