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Why Kratos Defense & Security Stock Is Up Today

TheMotleyFool

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Why Kratos Defense & Security Stock Is Up TodayPhoto, 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

The U.S. government is moving to make it easier for Kratos Defense Security Solutions (NASDAQ: KTOS) and other drone manufacturers to export their goods to foreign allies. Kratos shares are rallying on the news, up 7.7% at the close of Tuesday trading.

Images source: Kratos Defense Security.

Kratos is a defense electronics and drone manufacturer that is angling to have a large role in a pilotless future. The company's Valkyrie "loyal wingman" drone is designed to fly alongside piloted F-35s into battle, providing extra firepower without putting additional human lives at risk.

Source Fool.com

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