Why Kratos Defense & Security Stock Just Popped 12%

By The Motley Fool3 days ago

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Shares of Kratos Defense & Security Solutions (NASDAQ: KTOS), a small defense contractor specializing in the manufacture of jet-powered military drones that can fly in formation with piloted fighter jets, are soaring this morning, up a solid 12% as of 10:45 a.m. EST. Partly, this is a thing of Kratos' own doing.

But partly it's because of AeroVironment (NASDAQ: AVAV).

Kratos XQ-58A Valkyrie jet-powered combat drone. Image source: Kratos Defense & Security Solutions.

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