Kratos Soars: Navy Contract Ignites Stock Surge
Update: 2025-10-07
Description
Kratos stock soars after landing a potential $175 million Navy contract to support AN/SPY-1 radar systems, used on Aegis-equipped cruisers and destroyers. The defense contractor plans a new Indiana facility for maintenance and modernization, fueling a 2.2% stock jump to a 52-week high. While Kratos is known for volatility, this deal signals long-term revenue and positions them as a key player in the evolving defense tech sector.
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