Kratos Receives $1.45B MACH-TB 2.0 Contract Award
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BTIG Reiterates Neutral Rating on Kratos Defense & Security (KTOS)
January 6, 2025 1:36 PM ESTBTIG analyst Andre Madrid reiterated a Neutral rating on Kratos Defense & Security (NASDAQ: KTOS)
The analyst comments "On January 6, Kratos (KTOS, Neutral) announced that it has been awarded a five-year Other Transaction Agreement (OTA) for the MultiService Advanced Capability Hypersonic Test Bed... More
Jefferies Reiterates Hold Rating on Kratos Defense & Security (KTOS)
January 6, 2025 10:00 AM ESTJefferies analyst Sheila Kahyaoglu reiterated a Hold rating and $12.00 price target on Kratos Defense & Security (NASDAQ: KTOS)
The analyst comments "This morning, Boom Supersonic announced that it would develop an engine for its jet in partnership with KTOS. The KTT subsegment (~$60MM in annual sales or 7% of total co) will develop the supersonic engine w/ GE Additive and StandardAero. The engine development will be entirely customer funded leaving no investment by KTOS. The larger engine OEMs did not bid on the engine development contract according to FlightGlobal. KTT to Develop Engines for Boom... More
Raymond James on Kratos Defense & Security (KTOS): 'Hyped Up for Major Hypersonic Contract Win', Shares Up 900bps Premarket
January 6, 2025 8:08 AM ESTRaymond James analyst Brian Gesuale reiterated a Strong Buy rating and $30.00 price target on Kratos Defense & Security (NASDAQ: KTOS).
The analyst comments "Hyped Up for Major Hypersonic Contract Win Kratos was awarded a 5-year/$1 billion prime contract for the MACH TB (Multi-Service Advanced Capability Hypersonic Test Bed). MACH TB is contracted by the Navy and part of the NSTXL (National Security Technology Accelerator initiative) with the award geared towards ramping up testing infrastructure in the area of hypersonic capabilities. A few key thoughts: Currently, U.S. infrastructure and general hypersonic... More
