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Kratos Turbojet Expansion Tests Valuation As Missile Demand Builds
Simply Wall St.72d agobearish
Kratos Turbojet Expansion Tests Valuation As Missile Demand Builds

Kratos Defense & Security Solutions (NasdaqGS:KTOS) disclosed a major expansion of Spartan turbojet engine production to support missile and loitering munition programs. The company is targeting output of 3,000 Spartan engines next year and is increasing supply chain readiness to align with higher demand from U.S. and allied defense customers. This move reflects growing order visibility for high volume propulsion programs that extend beyond Kratos's traditional focus on unmanned aerial...

SpaceX Proxy EchoStar Sees Its Stock Drop. It Could Be a Bad Omen for SpaceX IPO.
Barrons.com72d agobearish
SpaceX Proxy EchoStar Sees Its Stock Drop. It Could Be a Bad Omen for SpaceX IPO.

EchoStar stock has been struggling lately and it could bode ill for the coming SpaceX initial public offering on Thursday. SpaceX is one the best proxies for SpaceX because the satellite company reached a deal last year to sell spectrum to SpaceX in return for about 2% of SpaceX stock—some 262 million shares. EchoStar stock has nearly doubled since the first of two spectrum deals was reached with SpaceX in September.