On November 9, Kratos Defense & Security Solutions rose 5.57% in Regular Trading, trading at $37.02/share, with turnover of $46.4302 million.
The immediate catalyst was a newly announced contract to supply satellite ground station equipment to Gulf Space Technology for the Thaicom 10 software-defined satellite, adding to momentum after the company’s recent earnings beat and higher long-term outlook.
Under the disclosed agreement, Kratos will provide antennas and related equipment using higher frequency bands that offer two to three times the bandwidth of standard systems, along with real-time monitoring tools. The contract reinforces the company’s space and satellite infrastructure exposure. Earlier, Kratos reported third-quarter adjusted EPS of $0.24 and revenue of $471.8 million, both above expectations, while also lifting its longer-term outlook, though fourth-quarter revenue guidance of $480 million to $510 million was broadly in line with consensus.
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