Kratos Defense Surges Over 10%: LMT, L3Harris Other Defense Stocks Climb In Pre-Market Amid US-Iran War

Benzinga03-02

Defense stocks such as Kratos Defense and Security Solutions Inc. (NASDAQ:KTOS) surged 10.10% while Lockheed Martin Corp (NYSE:LMT) and Rtx Corp. (NYSE:RTX) climbed 6.67% and 6.58%, respectively. U.S...

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(NYSE:RTX) climbed 6.67% and 6.58%, respectively. \nU.S. and Israeli strikes on Iran and Tehran’s subsequent retaliation have triggered a rally in defense stocks, as investors anticipate a rise in defense spending due to the expected prolonged regional instability.\nThe conflict in the Middle East, which included the death of Iran's Supreme Leader, Ayatollah Ali Khamenei, has entered its third day. \nPresident Donald Trump on Sunday indicated that the current U.S. military strikes against Iran could continue for “four to five weeks,” if necessary, and indicated there could be more casualties in days to come. 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