Kratos Defense delivered solid Q3 growth. Following the price decline, B. Riley analysts see a good risk-reward ratio and 35% upside potential
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Kratos Defense & Security Solutions (KTOS) is an incredibly important player in the defense sector. Kratos develops production-ready hardware/software for National Security: drones (Valkyrie/Athena), hypersonics, rocket engines, engines (KTT), Microwave/SatCom (after orbit), Space-C2/SDA, C5ISR – together with partners like Northrop Grumman, Lockheed Martin, and General Electric. In the 3rd quarter, Kratos reported revenue of $347.6 million (+26% YoY). The EPS was $0.14, exceeding estimates by $0.02. The Unmanned Systems segment (KUS) exploded...
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