Shares of Kratos Defense & Security Solutions (NASDAQ:KTOS) traded up 11% in February, according to data provided by S&P Global Market Intelligence, continuing a strong run for the defense contractor, which has outpaced the sector in recent years.
Kratos makes electronics, communication equipment, drones used for target practice, and other high-tech defense products. It has been a standout stock for some time now. Shares are up 46% over the past 12 months, easily beating the S&P 500‘s 3.2% gain and the SPADE Defense Index’s 3.18% increase. Kratos has been focused on developing a new jet-powered drone that it hopes will one day fly as a “wingman” for aircraft with crews, and perform missions too dangerous for manned planes. more