Kratos Defense SVP & general counsel sells $97,391 in stock
Kratos Defense & Security Solutions, Inc. (NASDAQ:KTOS) recently reported strong second-quarter results for fiscal 2026, with adjusted earnings of $0.21 per share and revenue of $458.8 million, surpassing Wall Street expectations. The company also raised its full-year organic revenue growth forecast to a range of 19% to 23%, driven by advancements in hypersonics, engines, and unmanned systems.
As part of these financial updates, Senior Vice President and General Counsel Marie Mendoza sold 1,513 shares of the company's common stock on August 17, 2026, totaling $97,391 at a price of $64.37 per share. The sale was executed pursuant to a pre-approved 10b5-1 trading plan. Following the sale, Mendoza's beneficial ownership of Kratos Defense common stock is now 61,976 shares, including holdings from the Issuer’s Employee Stock Purchase Plan and 401(k) Plan.
Analysts have responded positively to the company's results, with several rating upgrades and price targets indicating continued confidence in Kratos Defense's growth prospects.
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