21.06.2023 16:15:32 - dpa-AFX: Kratos Defense & Security Stock Gains 5%
WASHINGTON (dpa-AFX) - Shares of Kratos Defense & Security Solutions, Inc.
(KTOS) are gaining nearly 5% on Wednesday morning after the company announced it
successfully test fired the Zeus 1 solid propellant rocket motor at Aerojet
Rocketdyne's Camden, Arkansas facility.
KTOS is currently trading at $14.42, up $0.68 or 4.95%, on the Nasdaq. The stock
opened its trading at $13.69 after closing Tuesday's trading at $13.74. The
stock has traded between $8.90 and $16.23 in the past 52-week period.
The Kratos Zeus 1 is the first of two high-performance 32.5-inch diameter solid
rocket motors internally developed and funded under the Kratos Zeus Program,
with the larger Zeus 2 motor scheduled for static test later this year.
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