Why Kratos Defense & Security Solutions Stock Is Soaring Today

Closing slightly lower than its Friday close, Kratos Defense and Security Solutions (NASDAQ: KTOS) stock is flying higher today. In addition to a popular growth investor buying shares of the defense stock, investors are adding Kratos to their buy lists after learning that a U.S. ally is making a significant investment in drones to fortify its defenses.

As of 1:04 p.m. ET, shares of Kratos Defense are up 5.5%, after earlier rising 9.6%.

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After the market closed yesterday, Ark Invest, led by Cathie Wood, reported that it had bought 138,735 Kratos shares in its Ark Innovation ETF.

Currently, Kratos has a 0.85% weighting in the Ark Innovation ETF, which targets disruptive businesses such as drone developer Kratos.

The other catalyst for the drone stock rising today comes from across the pond. The United Kingdom announced yesterday that the Prime Minister would speak at a defense contractor today, where he would an

Fuente original: Yahoo Finance (https://finance.yahoo.com/markets/stocks/articles/why-kratos-defense-security-solutions-173733852.html)