Kratos & GE Aerospace: Propulsion Tech Partnership Boosts Stocks!

Kratos Defense & Security Solutions, Inc. rose 1.43% in premarket trading, with the company announcing a formal teaming agreement with GE Aerospace to advance propulsion technologies for the next generation of affordable unmanned aerial systems and Collaborative Combat Aircraft-type (CCA-type) aircraft. This collaboration strengthens Kratos' ongoing partnership with GE Aerospace, building on last year's Memorandum of Understanding (MOU) to advance the development and production of small, cost-effective engines for unmanned platforms. The new teaming agreement expands on that MOU and provides the framework for the two companies to develop, manufacture, test, and field the GEK800 Engine, as well as collaborate on other low-cost expandable turbofan engines.