KTOS - Why Kratos Defense & Security Stock Is Down Today
2024-04-10 11:04:03 ET
A Wall Street analyst is tapping the brakes on Kratos Defense & Security Solutions (NASDAQ: KTOS) , and investors are taking notice. Shares of the defense tech company fell by 4.6% at the open Wednesday.
Kratos manufactures drones and defense electronics products. It's best known today for its aerial target drones, but it also has a line of more advanced "loyal wingman" products that it hopes will one day fly into battle in support of crewed aircraft.
Investors have been drawn in by Kratos' potential, but things hardly ever move fast inside the Pentagon.
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Why Kratos Defense & Security Stock Is Down Today