Kratos Defense & Security Solutions shares are up after a recent U.S. Navy contract win highlighted new revenue visibility in its rocket-motor business. On March 26, 2026, Kratos said it was selected by the Naval Surface Warfare Center, Port Hueneme Division (NSWC PHD) for production and delivery of up to 36 Oriole solid rocket motors and three Thrust Vector Control (TVC) nozzle kits, with a headline value of up to about $49.2 million if options are fully exercised. (kratosdefense.com)

Kratos said the Oriole award includes a funded base and options; if fully exercised, the total could reach the ~$49 million+ level discussed by the company and market summaries. The work supports Navy missile and test programs and underscores momentum in Kratos’ propulsion and hypersonics-adjacent portfolio, an area where investors have been seeking tangible contract ramps. (kratosdefense.com)

In addition to propulsion, Kratos has also been selected by SKY Perfect JSAT in March 2026 to help develop and validate a software-based 5G Non-Terrestrial Network (NTN) ground system under the operator’s Universal NTN initiative. That adds a communications/software angle to today’s narrative and can reinforce the view that Kratos’ growth is not solely tied to hardware-heavy defense programs. (simplywall.st)

Investors will be watching for any follow-on tasking tied to the Navy award options, delivery timelines for Oriole motors and TVC kits, and whether the SKY Perfect JSAT engagement expands from development/validation into broader deployment. The next scheduled catalyst on the calendar is Kratos’ upcoming earnings report timing (commonly projected for early May 2026), which could update revenue cadence and margin expectations tied to these programs. (marketbeat.com)