Kratos Defense & Security Solutions, Inc. (KTOS) Expands in Canada in Pursuit of PT6A and PT6T Engine Overhaul Opportunities

Kratos Defense & Security Solutions, Inc. (NASDAQ:KTOS) is one of the best aerospace and defense stocks to buy according to Wall Street analysts. On December 11, analysts at Truist Securities reiterated a Buy rating and a $125 price target.

The positive stance follows the company’s opening of a new 10,000-square-foot facility in Vancouver, British Columbia, for PT6A and PT6T engine overhaul operations. It marks the third time that the company has expanded in Canada in pursuit of growth opportunities. The new state-of-the-art facility is designed to enhance operational efficiency and provide the infrastructure needed to meet the industry’s evolving needs.

The Vancouver facility is to strengthen the company’s operations in Bristow, Oklahoma, while enabling expanded capabilities for Canadian operators. There are also plans to add fixed-wing version PT61 model services. The expansion also underscores the company’s focus on delivering cutting-edge solutions as it seeks to drive excellence across all operations.

“This move will create seemingly endless possibilities with regards to expansion, employment and in-house capabilities. We are fortunate to have many long-standing Bell Medium customers in Canada, which operate the PT6T model engines. Our goal is to add the fixed wing version (PT6A models) to our quiver in the near future,” said Dave Wark, Director of Kratos MRO Canada.

Kratos Defense & Security Solutions, Inc. (NASDAQ:KTOS) develops and provides advanced, affordable technology for U.S. national security. It focuses on unmanned systems (drones like the Valkyrie), hypersonic systems, satellite cybersecurity, missile defense, and jet engines, serving defense, allies, and commercial sectors.

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Disclosure: None. This article is originally published at Insider Monkey.