LHX - Kratos skies higher as Cathie Wood's Ark Invest launches space exploration ETF

Kratos Defense & Security Solutions ([[KTOS]] +7.3%) enjoys outsized gains following news that Ark Invest's new space ETF (ARKX) will start trading on Tuesday, with Kratos among the top three holdings, with other components including L3Harris ([[LHX]] +1.9%), Lockheed Martin ([[LMT]] +2.2%) and Boeing ([[BA]] +2.7%) also rising.Trimble ([[TRMB]] +0.8%) is the new ETF's biggest holding, with 8.3% by weight, followed by Ark's 3D Printing ETF (PRNT), Kratos, L3Harris and JD.com ([[JD]] -0.3%).Ark Invest, Cathie Wood's eighth ETF, comes as an increasing number of private space companies prepare to go public later this year.Kratos has scored several recent contract wins and is punching above its weight compared to larger defense and aerospace companies, Michael Fitzsimmons writes in a bullish analysis published on Seeking Alpha.

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Kratos skies higher as Cathie Wood's Ark Invest launches space exploration ETF