What Happened
Defense Contractor Lands New Contract As Investors Weigh Valuation
Kratos Defense & Security Solutions has announced a $35 million contract award for military-grade hardware production, which is directly tied to supporting warfighters in the field. The company has had a busy August, with new propulsion work and an unmanned aircraft deal, but its share price has fallen over the year to date. The current valuation debate surrounding the company suggests that investors are weighing the potential risks and rewards of investing in Kratos Defense & Security Solutions, as reported by Simply Wall St.