Kratos Defense and Security Solutions Delivers First SSAT Drone System to US Navy
On July 9, Kratos Defense and Security Solutions, Inc. (KTOS) announced the delivery of the first production BQM-177A Subsonic Aerial Target (SSAT) Drone System for the US Navy. These deliveries are part of a one-year contract worth around $37 million. Kratos plans to host a celebration in honor of the rollout on July 11 in McClellan, California.
Sonal alerted subscribers about the event at 4:00 pm. The next trade took place for $11.93 at 4:05 pm. Regular market trading opened the next morning at $11.97. The stock price experienced gains throughout the day that continued over the next five trading sessions. Kratos closed at $13.11 on July 17 for a gain of almost 10% following the announcement.
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