Kratos Defense's stock went up after landing a THAICOM 10 satellite deal and reporting strong third-quarter earnings.

Nov 9, 2026, 11:37 AM ETDealRead the original at Benzinga

Good for KTOS

Kratos won a contract to build satellite ground systems for THAICOM 10, alongside rising sales, record backlog, and a higher 2026 sales range. Analysts cut price targets, and the share price sat below recent averages, but the new work and stronger sales picture favor Kratos.

KTOS · Kratos Defense & Security Solutions, Inc.

AI read · Good for KTOS

The AI's read

The new systems add work in Kratos’ space business. The company also beat profit and sales estimates, raised the low end of its 2026 sales range, and reported a record backlog. Several analysts cut their share-price targets, and the share price remained below recent averages. Those signs show concern, but the contract and stronger sales picture carry more weight.

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