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Don't miss what's happening with drone makers

Over-the-air testing validates satellite's role in delivering end-to-end 5G services Over-the-air testing validates satellite's role in delivering end-to-end 5G services

Several drone stocks surged on July 11 after the United States Department of Defense (DoD) released a memo with highly bullish implications for the industry. In the memo titled “Unleashing U.S. Military Drone Dominance," Secretary of Defense Pete Hegseth shared his vision for increased U.S. drone production and use.

European plane maker Airbus and U.S.-based Kratos Defense have partnered to supply combat drones to the German Air Force by 2029, Airbus said on Wednesday.

Many catalysts can propel industrial activity in the U.S. over the next several years, including new accounting rules in President Donald Trump's big spending bill.

The U.S. government appears set to divert some of the billions in funding traditionally earmarked for fighter planes to drone manufacturers, and investors are excited about the opportunity. Shares of Kratos Defense & Security (KTOS 11.00%) traded up 13% as of 11 a.m.

Kratos (KTOS) has an impressive earnings surprise history and currently possesses the right combination of the two key ingredients for a likely beat in its next quarterly report.

Within the space and defense industry, the world's largest players often dominate the discussion. This includes companies like Lockheed Martin NYSE: LMT and RTX NYSE: RTX.

Goldman Sachs has upgraded Kratos Defense & Security Solutions (NASDAQ: KTOS), a firm known for its unmanned systems and propulsion technology, to a “Buy” rating from “Neutral.” The investment bank has also set a price target of $52 per share for Kratos, implying an approximate 13% upside from its Friday closing price of $45.84.

SAN DIEGO, June 30, 2025 (GLOBE NEWSWIRE) -- Kratos Defense & Security Solutions, Inc. (“Kratos”) (NASDAQ: KTOS), a Technology Company in the Defense, National Security and Commercial Markets, today announced that it has completed its previously announced offering of Kratos common stock, raising $575,000,000 in gross proceeds, at a public offering price of $38.50 per share, for a total of 14,935,065 shares of common stock, which includes the exercise of the underwriters option to purchase additional shares. Net proceeds from the offering, after deducting underwriting discounts and commissions and related fees, are approximately $556 million.