- 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.
For further details see:
Kratos Defense & Security: Strong Order Book, ARK Support, Attractive M&A Target