Movement Alert|Kratos Defense & Security Solutions Rises 6.02% in Regular Trading, Awarded Exclusive ~$100 Million Space Domain Awareness Contract

Market Focus07-14 22:18

On July 14, Kratos Defense & Security Solutions rose 6.02% in regular trading, trading at $49.49/share, with turnover of $51.32 million.

The rally was driven by the company's announcement on July 13 of an exclusive prime contractor contract worth approximately $100 million for a space domain awareness system project. The contract was awarded on a sole-source basis, underscoring the company's irreplaceable technical position in the space sensing domain. All related work will be conducted within the company's secure facilities.

This award follows a $446.8 million Space Systems Command contract secured in April for the Resilient Missile Warning and Tracking Ground Management and Integration program, marking continued momentum in space-related orders. Meanwhile, the company is expanding its Oklahoma City manufacturing facility to accelerate production of jet-powered drone systems including Valkyrie and Firestarter. Wedbush recently initiated coverage with an Outperform rating and an $85 price target, while the analyst consensus target stands at $106.86.

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