Kratos Defense & Security Solutions, Inc. (NASDAQ:KTOS) surged to a three-month high of $100 after President Trump announced a $1.5 trillion defense spending plan. The stock hit $109.80 before closing at $104.04, up 13.78% and just 7% below its 52-week high.

Trump proposed increased spending to build a strong military on Truth Social, with tariffs funding the budget. This announcement boosted optimism for Kratos Defense & Security Solutions, Inc. (NASDAQ:KTOS) investors, anticipating higher profit margins from the defense spending.

Kratos Defense & Security Solutions, Inc. (NASDAQ:KTOS) expressed support for the government’s military spending policies. CEO Eric DeMarco emphasized the company’s commitment to reinvestment in defense capabilities, readiness, and technology to support warfighters with speed and scale.

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Read more at Yahoo Finance: Kratos (KTOS) Climbs to 3-Month High as Trump Pushes for $1.5-Trillion Defense Spending