Shares of Kratos Defense & Security Solutions, Inc. (NASDAQ:KTOS) are rising Monday following the joint U.S.-Israel attack on Iran over the weekend. Risk of a prolonged conflict provides support for expanded military spending.
Defense Stocks Jump After Iran Conflict
U.S. and Israel launched attacks on Iran over the weekend that killed Iranian Supreme Leader Ayatollah Ali Khamenei. This action led to retaliatory attacks in the region, which continued into Monday. According to the New York Times, Trump said on Sunday that the attacks could last four to five weeks.
Several defense stocks, including Lockheed Martin, Palantir and Northrop Grumman are rising due to the conflict. Oil stocks are also sensitive to military activity in the region.
Low Orbit Platform Provides Data Delivery In Space
Kratos also announced on Monday the deployment of a platform that provides data delivery in space. With the OpenSpace platform, Kratos can interoperate with a wide range of satellites and payloads, automatically reconfigure for each satellite pass and downlink high‑volume data in real time. The partnership for the deployment is with SSC Space, a Swedish aerospace company.
“We chose OpenSpace because its orchestration and integrated signal processing deliver the scalability and flexibility required for LEO small sats in a way traditional hardware‑based options could not,” said Nicholas Priborsky, President Connect at SSC Space.
Shares Rise In Regular Trading
KTOS Price Action: Kratos shares are having a good day, up 4.57% and trading at $90.12 at the time of publication on Monday. The stock hit a high of $96.86 and dipped to a low of $89.03 earlier. Volume is pretty active with 5.0 million shares changing hands. Right now, the stock is 27.9% below its 52-week high.
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