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Why Kratos Defense & Security Stock Just Popped 12%

TheMotleyFool

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Why Kratos Defense & Security Stock Just Popped 12%Photo, wide shot, wide-angle lens, Metal fabrication, Blue hour, twilight, cool, ISO1200, slow shutter speed, photo by Hiroshi Sugimoto: https://img.midjourneyapi.xyz/temp/568784d0-c41a-4663-ab01-91f29a370903.png

Shares of Kratos Defense & Security Solutions (NASDAQ: KTOS), a small defense contractor specializing in the manufacture of jet-powered military drones that can fly in formation with piloted fighter jets, are soaring this morning, up a solid 12% as of 10:45 a.m. EST. Partly, this is a thing of Kratos' own doing.

But partly it's because of AeroVironment (NASDAQ: AVAV).

Kratos XQ-58A Valkyrie jet-powered combat drone. Image source: Kratos Defense & Security Solutions.

Source Fool.com

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