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Fly News Breaks for October 11, 2019
KTOS
Oct 11, 2019 | 07:16 EDT
Canaccord analyst Ken Herbert noted Kratos Defense announced that its Valkyrie successfully completed its third test flight. The analyst believes this is a significant milestone toward an initial production contract by early 2020. He believes execution on the tactical drone opportunities represents the most important catalysts for the stock. Herbert reiterated his Buy rating and $28 price target on Kratos Defense shares.
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