Kratos Defense and Security Solutions Receives $4.1 Million Contract Award
On June 27, Kratos Defense and Security Solutions, Inc. (KTOS) announced that it received a $4.1 million contract award. The company will provide hardware and subsystems in support of a Command, Control, Communications, Computing, Combat and Intelligence, Surveillance and Reconnaissance (C5ISR) aerial defense related program. Customer and competitive security, however, prohibits Kratos from revealing more specific information about the project.
Sonal alerted subscribers about the news at 8:00 am. The stock price rose steadily throughout the event day and continued over the next four trading sessions. Kratos Defense closed at $24.01 on July 3 for a gain of 7.9%.
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