• Investing
  • Stock
  • Editor’s Pick
  • Economy
The Significant Deals
Stock

Kratos Defense stock soars on new hypersonic test bed contract

by January 6, 2025
written by January 6, 2025

On Monday, shares of Kratos Defense & (NASDAQ:KTOS) Security Solutions experienced a significant surge, climbing as much as 8.8% in premarket trading.

This increase came in response to the company securing a pivotal five-year Other Transaction (JO:TCPJ) Authority (OTA) contract. The contract is for the development of the Multi-Service Advanced Capability Hypersonic Test Bed 2.0 (MACH-TB 2.0) under Task Area 1.

MACH-TB 2.0 is set to serve as a cost-effective intermediary between hypersonic ground testing and system-level flight testing. This initiative is expected to bolster the United States’ capabilities in the rapidly evolving hypersonic technology sector.

Kratos Defense & Security Solutions has not disclosed the financial details of the contract.

This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.

This post appeared first on investing.com
0 comment
0
FacebookTwitterPinterestEmail

previous post
Super Micro stock rises on cooling tech prospects
next post
HSBC names Lisa McGeough as US CEO

You may also like

BASF results down on impairments, restructuring

January 27, 2025

European chipmakers slump as traders gauge DeepSeek AI...

January 27, 2025

Nasdaq futures tumble as China’s AI push rattles...

January 27, 2025

China Vanke’s CEO, chairman resign amid growing liquidity...

January 27, 2025

Fuji Media, rocked by sexual misconduct allegations, says...

January 27, 2025

Italy’s MPS shares fall ahead of Mediobanca board...

January 27, 2025

British Land stock drops following stake sale

January 27, 2025

UMG shares rally after new multi-year pact with...

January 27, 2025

BASF shares indicated 3% lower as impairments drag...

January 27, 2025

Ryanair cuts 2026 traffic forecast amid ongoing Boeing...

January 27, 2025
Fill Out & Get More Relevant News








    Stay ahead of the market and unlock exclusive trading insights & timely news. We value your privacy - your information is secure, and you can unsubscribe anytime. Gain an edge with hand-picked trading opportunities, stay informed with market-moving updates, and learn from expert tips & strategies.

    Recent Posts

    • Reddit co-founder Alexis Ohanian takes minority stake in Chelsea FC women’s team

      May 16, 2025
    • ‘Shark Tank’ alum Bombas taps former Under Armour exec as CEO as it looks beyond digital roots

      May 16, 2025
    • Netflix says its ad tier now has 94 million monthly active users

      May 15, 2025
    • Dick’s Sporting Goods to buy struggling Foot Locker for $2.4 billion

      May 15, 2025

    Categories

    • Economy (245)
    • Editor's Pick (3,646)
    • Investing (465)
    • Stock (6,426)

    Latest News

    • Reddit co-founder Alexis Ohanian takes minority stake in Chelsea FC women’s team
    • ‘Shark Tank’ alum Bombas taps former Under Armour exec as CEO as it looks beyond digital roots

    Popular News

    • Nvidia’s design flaw with Blackwell AI chips now fixed, CEO says
    • Turkish inflation seen at 45.2% in December, down to 26.5% at end-2025: Reuters poll

    About The Significant deals

    • Privacy Policy
    • Terms & Conditions

    Copyright © 2025 thesignificantdeals.com | All Rights Reserved

    The Significant Deals
    • Investing
    • Stock
    • Editor’s Pick
    • Economy