LMT - Kratos Defense & Security: Strong Order Book ARK Support Attractive M&A Target

• Kratos has landed a bevy of recent contract wins and appears to be punching above its weight-class as compared to larger defense and aerospace companies.
• The company has a strong balance sheet and a strong backlog with a Q3 ending book-to-bill ratio of 1.8x.
• With a market cap of only $4 billion - and combined with leading edge drone and satellite communications technology - the company looks to be a ripe M&A target.
• Meantime, ARK Invest has been loading up on the stock and Kratos will likely be a core holding in the upcoming ARK Invest Space ETF.
• Kratos is a BUY.

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