Why Kratos Defense Stock Popped Today
Kratos Defense Security Solutions (NASDAQ: KTOS) stock soared 13.8% through 10 a.m. ET Thursday after The Wall Street Journal reported the Trump Administration may make financial investments in U.S. drone manufacturers.
The proposed subsidies appear designed to promote development of low-cost disposable attack drones commonly referred to as first-person view or "FPV," rather than the more advanced XQ-58 Valkyrie drone aircraft that is Kratos's marquee product. As such, the news may not apply to Kratos.
But then again, it might.
Source Fool.com
