Kratos Awarded Sole-Source Contract from U.S. Space Force
On May 4, Kratos Defense & Security Solutions, Inc. (KTOS) announced that it was awarded a sole-source contract with the U.S. Space Force. Under the terms of the contract, Kratos will provide satellite bandwidth utilization services and continuous monitoring of commercial satellites leased by the U.S. Space Force. The contract is valued at just over $3 million in the base year but could total over $19 million over four years.
Sonal issued an alert at 8:00 am. The next trade took place at 8:28 am for $14.76. The stock price moved higher throughout the event day, and the gains continued over the next four trading sessions. Kratos closed at $17.26 on May 8 for a five-day gain of 17%.
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