Kratos Shares Climb After Company Lands $400 Million in Funding for Hypersonic Systems - Kratos Defense &

Kratos Defense & Security Solutions, Inc.

(NASDAQ:KTOS) shares are trading higher Tuesday after the company announced it has received approximately $400 million in new funding from the Department of Defense for hypersonic system and other national security programs.

Kratos Defense & Security stock is among today's top performers.

Why is KTOS stock up today?

Kratos Receives $400 Million In New Funding Kratos said the funding is tied to certain hypersonic system and other national security related programs.