Defense and Security Stock Trading Alert: Kratos (NasdaqGS: KTOS) Moves on Qatar Satellite Deal
Category: Investment, Homeland Defense
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New York, New York - September 17, 2012 (Investorideas.com Newswire, www.homelanddefensestocks.com) Investorideas.com, an investor research portal specializing in sector research including defense and Homeland Defense stocks issues a trading alert for Kratos Defense & Security Solutions, Inc. (NasdaqGS :KTOS), trading at $5.7699, gaining 0.6999 or 13.80% as of 2:56PM EDT on over 2.1 Million shares. The stock had a high of $5.87.
The Company reported news today that Es'hailSat, the Qatar Satellite Company, has selected Kratos' Integral Systems Europe S.A.S. ("ISE") subsidiary to provide Es'hailSat's Network Operations and Satellite Payload Monitoring Center (NOC) in Doha, Qatar. The provision of the high-tech operations center marks another major milestone in the Es'hail 1 satellite program. Es'hail 1, Qatar's first satellite, is scheduled for launch in Q2 2013. Under the terms of the contract, ISE will design, build, and test the system in ISE's integration facility in Labege near Toulouse, France, prior to shipment to and installation in Qatar.
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