Advertisement
Australia markets closed

  • ALL ORDS

    7,937.50
    -0.40 (-0.01%)
     

  • ASX 200

    7,683.00
    -0.50 (-0.01%)
     

  • AUD/USD

    0.6499
    +0.0011 (+0.16%)
     

  • OIL

    82.58
    -0.78 (-0.94%)
     

  • GOLD

    2,336.60
    -5.50 (-0.23%)
     

  • Bitcoin AUD

    99,786.90
    -2,959.62 (-2.88%)
     

  • CMC Crypto 200

    1,403.68
    -20.42 (-1.43%)
     

  • AUD/EUR

    0.6074
    +0.0017 (+0.29%)
     

  • AUD/NZD

    1.0951
    +0.0021 (+0.19%)
     

  • NZX 50

    11,946.43
    +143.15 (+1.21%)
     

  • NASDAQ

    17,552.39
    +80.92 (+0.46%)
     

  • FTSE

    8,040.38
    -4.43 (-0.06%)
     

  • Dow Jones

    38,530.47
    +26.78 (+0.07%)
     

  • DAX

    18,088.70
    -48.95 (-0.27%)
     

  • Hang Seng

    17,201.27
    +372.34 (+2.21%)
     

  • NIKKEI 225

    38,460.08
    +907.92 (+2.42%)
     

Why Kratos Defense & Security Shares Are Spiking Higher Today

Lou Whiteman, The Motley Fool
·3-min read
Why Kratos Defense & Security Shares Are Spiking Higher Today

Shares of Kratos Defense & Security (NASDAQ: KTOS) jumped 11% higher on Wednesday on speculation that the company could be a takeover target for defense giant Lockheed Martin (NYSE: LMT). Kratos is a maker of drones and defense electronics, having pivoted away from telecommunications infrastructure equipment in 2004. The company has long been the fodder of M&A speculation, and new rumors surfaced Wednesday morning following Lockheed Martin's second-quarter earnings report.

Continue reading