As previously reported, BTIG upgraded Kratos Defense (KTOS) to Buy from Neutral with an $80 price target With the company having been downselected for the Marine Corps’ MUX TACAIR program, the firm has conviction that Kratos could see significant growth at Unmanned Systems in the coming year given funding currently earmarked for the program in FY26 and the broader, roughly $8.8B unmanned request, the analyst tells investors. The firm also continues to see upside across the breadth of the portfolio, the analyst added.
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