Kratos and GE Aerospace Fire Up GEK800 Turbofan, Advancing Cruise Missile Program
KTOS is trading near its 52-week low of $43.09 (12% above the low).
Summary
Kratos and GE Aerospace successfully ignited the GEK800 turbofan cruise missile propulsion system at Kratos' X-58 test facility, marking the start of a new testing campaign with a 100% success rate for this phase. This follows the engine's F143 military designation in August and keeps the program on schedule for affordable, high-performance strike capability. The milestone validates the system's architecture and readiness for integration, supporting Kratos' push toward large-volume production. With a record $2.08B backlog and strong Q2 growth, this technical progress reinforces the company's defense portfolio momentum. Watch for further test results and potential production contract awards as the program advances.
At the time of this announcement, KTOS was trading at $48.10 on NASDAQ in the Industrial Applications And Services sector, with a market capitalization of approximately $8.9B. The 52-week trading range was $43.09 to $134.00. This news item was assessed with positive market sentiment and an importance score of 7 out of 10. Source: GlobeNewswire.