Why Kratos Defense & Security Stock Is Flying Higher Today
Defense tech and drone specialist Kratos Defense Security Solutions (NASDAQ: KTOS) is popping up on more radars as the company's business matures.
On Monday, the stock shot up as much as 5.8%, and was up 3% as of 11 a.m. ET after JMP Securities initiated coverage of Kratos with an outperform rating.
For years, Kratos has been a rare high-risk/high-reward stock in the usually staid defense industry. The company is a defense electronics specialist with a growing portfolio of next-generation unmanned aerial vehicles (UAVs).
Source Fool.com
