Aevex US Air Force Contract Sends Kratos Defense Up 4.36%
KTOS•Aevex's shares jumped 5.40% after the company announced a new multi-year US Air Force surveillance contract. The sector rally extended to L3Harris (+3.37%), Northrop Grumman (+5.59%) and Kratos Defense & Security Solutions (+4.36%) on expectations of rising government ISR spending.
1. Aevex Secures Multi-Year USAF Surveillance Contract
Aevex announced a multi-year contract with the US Air Force for advanced airborne intelligence, surveillance and reconnaissance services, driving its stock up 5.40% in Thursday trading. The agreement expands Aevex's ISR footprint and underscores demand for its proprietary drone and sensor platforms.
2. Sector Peers Gain on Defense Spending Optimism
The contract news lifted L3Harris shares 3.37%, Northrop Grumman jumped 5.59% and Kratos Defense & Security Solutions climbed 4.36%. Investors cited expectations of increased US defense budgets for ISR and propulsion technologies as catalysts for both prime contractors and specialized providers.
