Why Kratos Defense & Security Stock Popped Today
Kratos Defense Security Solutions (NASDAQ: KTOS), a leading manufacturer of drones for the U.S. military, gained 4.6% through 12:20 p.m. ET after announcing a new five-year strategic manufacturing agreement with Elroy Air.
Image source: Getty Images.
Elroy Air is hardly a household name, so it may not be immediately apparent why this is good news. Based out of San Francisco, Elroy Air is a 10-year-old start-up building "autonomous aerial cargo systems for middle-mile logistics and military resupply."
Source Fool.com
