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Why Kratos Defense Stock Popped, Then Dropped

TheMotleyFool

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Why Kratos Defense Stock Popped, Then Dropped: https://g.foolcdn.com/editorial/images/860903/kratos-valkyrie-drone-pre-test-flight-in-germany-is-ktos.jpg

After slumping with the rest of the stock market Friday, Kratos Defense Security (NASDAQ: KTOS) stock finally jumped 3.3% Monday morning (through 10:20 a.m. ET) in response to Friday's news: Kratos is collaborating with (OTC: EADSY) to develop a collaborative combat aircraft -- a near-full-sized, uncrewed fighter jet -- for the Luftwaffe.

That's the good news. The bad news is that soon after the jump, Kratos stock gave back almost all its gains. As of 11:20 a.m. ET, the stock is now up just 0.2%. Why?

Source Fool.com