Kratos Defense shares surge 5.08% intraday after unveiling low-cost cruise missile system and securing $175M Navy radar contract.

Kratos Defense & Security Solutions surged 5.08% intraday following the launch of its advanced "Ragnarök" low-cost cruise missile system on October 13, 2025, and subsequent analyst upgrades. The product launch, highlighted as a strategic innovation in defense technology, likely bolstered investor confidence. Additionally, Stifel and Truist Securities reaffirmed "Buy" recommendations on October 16-17, further supporting the upward momentum. While insider selling and mixed analyst sentiment were reported, the positive catalysts aligned with the stock’s intraday rally.