Monday, February 3, 2014

Kratos Defense & Security Solution (KTOS) Might Spike Up This Morning

Kratos Defense & Security Solutions, Inc. (KTOS) announced today (02014.02.03) that its "Defense & Rocket Support Services (DRSS) division was awarded a five-year SeaPort-e Indefinite Delivery, Indefinite Quantity (IDIQ) Multiple Award Contract (MAC) from the Naval Surface Warfare Center, Dahlgren. The contract award covers all seven zones with a maximum contract value of $7.92 billion." Hmm... I've been wanting to sell some KTOS, but not at its current price. Maybe this morning's news will provide a chance to execute a sale at 3 $Pi ($9.42).

KTOS closed Friday, 02014.01.31, at $7.23. 52-week range: $4.08 - $9.16.

[update::02014.02.03] Markets opened while I was typing this in. Two minutes into trading and KTOS was at $9.02 (up 24.70%).

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