KTOS - DoD's Pivot To Over-The-Horizon Strategy Is Bullish For Kratos' Drone Business

• Among other commercial systems, Kratos Defense & Security specializes in unmanned autonomous drone technology.
• President Biden and the DoD's recent pivot from nation-building (ground troops) to relying on "Over-the-Horizon" capabilities is a long-term bullish catalyst for Kratos.
• Indeed, two recent and successful drone strikes on ISIS-K in Afghanistan is a real-life example of autonomous drone technology in action.
• Kratos is a high-risk high-reward proposition because it has yet to be highly profitable and trades with a high-valuation (forward P/E=76.9x).
• Yet KTOS has found a sponsor in Cathie Wood's ARK funds: ARKQ and ARKX, in aggregate, own 8.9 million shares - or an estimated 7% of KTOS's outstanding shares.

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