Microsoft strongly encourages users to switch to a different browser than Internet Explorer as it no longer meets modern web and security standards. Therefore we cannot guarantee that our site fully works in Internet Explorer. You can use Chrome or Firefox instead.

Why Did Kratos Stock Drop Today?

TheMotleyFool

0 0

Why Did Kratos Stock Drop Today?Photo, wide shot, wide-angle lens, Metal fabrication, Blue hour, twilight, cool, ISO1200, slow shutter speed, photo by Michael Light: https://img.midjourneyapi.xyz/temp/138548fd-aba2-4b3e-b9ee-93725b372952.png

Kratos Defense Security (NASDAQ: KTOS) stock declined 3% through 11:05 a.m. ET Tuesday -- on apparently good news.

Kratos announced this morning that the U.S. Department of Defense has picked it "to participate in the initial Phase 1 Gauntlet for the Office of the Secretary of War's Drone Dominance Program."

"Drone Dominance" sure sounds like a good contract for a military drones stock like Kratos to win! So why is Kratos stock down today?

Source Fool.com

Like: 0

KTOS

Share