Intrinsic value of Kratos Defense&Security Solutions - KTOS

Previous Close

$12.70

  Intrinsic Value

$4.20

stock screener

  Rating & Target

str. sell

-67%

Previous close

$12.70

 
Intrinsic value

$4.20

 
Up/down potential

-67%

 
Rating

str. sell

We calculate the intrinsic value of KTOS stock by summing up the current values of future distributable cash flows generated by the company and dividing the sum by the number of outstanding shares. As such, the intrinsic value calculation depends entirely on projections. The more accurate your projections of the company's performance are - the more reliable is the intrinsic value calculation result. Please make sure to check the stock valuation input data below and adjust it if necessary. The quality of the output (intrinsic valuation result) is only as good as the quality of the input. See also DISCLAIMERS.

STOCK VALUATION INPUT DATA

Revenue (in 2017), $M
Initial revenue growth rate, %
Terminal revenue growth rate, %
Revenue decline factor
Initial discount rate, %
Discount rate multiplier
Variable cost ratio, %
Fixed operating expenses, $M
Interest rate on debt, %
Effective corporate tax rate, %
Production assets / Revenue, %
Life of production assets, yrs
Working capital / Revenue, %
Revenue / Adjusted assets
Adjusted equity ratio
Cash flow adjustment, % of Revenue
Book value of equity, $M
Shares outstanding, mln
Market capitalization, $bln 1.1

 

FINANCIAL STATEMENTS FORECAST and PRESENT VALUE CALCULATION

Fiscal year
   2018
   2019
   2020
   2021
   2022
   2023
   2024
   2025
   2026
   2027
   2028
   2029
   2030
   2031
   2032
   2033
   2034
   2035
   2036
   2037
   2038
   2039
   2040
   2041
   2042
   2043
   2044
   2045
   2046
   2047

INCOME STATEMENT

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Revenue growth rate, %
  12.40
  11.66
  10.99
  10.39
  9.86
  9.37
  8.93
  8.54
  8.19
  7.87
  7.58
  7.32
  7.09
  6.88
  6.69
  6.52
  6.37
  6.23
  6.11
  6.00
  5.90
  5.81
  5.73
  5.66
  5.59
  5.53
  5.48
  5.43
  5.39
  5.35
Revenue, $m
  845
  944
  1,048
  1,156
  1,270
  1,389
  1,514
  1,643
  1,777
  1,917
  2,062
  2,213
  2,370
  2,533
  2,703
  2,879
  3,063
  3,254
  3,453
  3,660
  3,876
  4,101
  4,336
  4,581
  4,837
  5,105
  5,384
  5,677
  5,982
  6,302
Variable operating expenses, $m
  709
  786
  867
  952
  1,041
  1,135
  1,232
  1,333
  1,438
  1,547
  1,612
  1,730
  1,853
  1,981
  2,113
  2,251
  2,394
  2,544
  2,699
  2,861
  3,030
  3,206
  3,390
  3,581
  3,781
  3,991
  4,209
  4,438
  4,677
  4,927
Fixed operating expenses, $m
  127
  130
  132
  135
  138
  141
  144
  148
  151
  154
  158
  161
  165
  168
  172
  176
  180
  183
  187
  192
  196
  200
  205
  209
  214
  218
  223
  228
  233
  238
Total operating expenses, $m
  836
  916
  999
  1,087
  1,179
  1,276
  1,376
  1,481
  1,589
  1,701
  1,770
  1,891
  2,018
  2,149
  2,285
  2,427
  2,574
  2,727
  2,886
  3,053
  3,226
  3,406
  3,595
  3,790
  3,995
  4,209
  4,432
  4,666
  4,910
  5,165
Operating income, $m
  9
  28
  48
  69
  91
  114
  138
  163
  189
  216
  293
  322
  353
  385
  418
  453
  489
  527
  566
  607
  650
  695
  742
  791
  842
  896
  952
  1,011
  1,072
  1,137
EBITDA, $m
  120
  146
  174
  203
  233
  265
  298
  333
  369
  406
  445
  486
  528
  572
  618
  666
  716
  767
  821
  878
  937
  998
  1,062
  1,130
  1,200
  1,273
  1,350
  1,431
  1,515
  1,604
Interest expense (income), $m
  32
  23
  28
  34
  39
  45
  51
  58
  64
  71
  78
  86
  94
  102
  110
  119
  128
  138
  148
  158
  169
  180
  191
  203
  216
  229
  243
  258
  273
  288
  305
Earnings before tax, $m
  -14
  0
  14
  30
  46
  62
  80
  98
  118
  137
  207
  228
  251
  274
  299
  324
  351
  379
  408
  438
  470
  503
  538
  575
  613
  653
  694
  738
  784
  832
Tax expense, $m
  0
  0
  4
  8
  12
  17
  22
  27
  32
  37
  56
  62
  68
  74
  81
  88
  95
  102
  110
  118
  127
  136
  145
  155
  165
  176
  187
  199
  212
  225
Net income, $m
  -14
  0
  10
  22
  33
  46
  58
  72
  86
  100
  151
  167
  183
  200
  218
  237
  256
  277
  298
  320
  343
  367
  393
  419
  447
  476
  507
  539
  572
  608

BALANCE SHEET

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Cash and short-term investments, $m
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
Total assets, $m
  1,152
  1,286
  1,427
  1,576
  1,731
  1,893
  2,062
  2,238
  2,421
  2,612
  2,810
  3,016
  3,229
  3,452
  3,683
  3,923
  4,173
  4,433
  4,704
  4,986
  5,280
  5,587
  5,907
  6,241
  6,590
  6,955
  7,336
  7,734
  8,151
  8,586
Adjusted assets (=assets-cash), $m
  1,152
  1,286
  1,427
  1,576
  1,731
  1,893
  2,062
  2,238
  2,421
  2,612
  2,810
  3,016
  3,229
  3,452
  3,683
  3,923
  4,173
  4,433
  4,704
  4,986
  5,280
  5,587
  5,907
  6,241
  6,590
  6,955
  7,336
  7,734
  8,151
  8,586
Revenue / Adjusted assets
  0.734
  0.734
  0.734
  0.734
  0.734
  0.734
  0.734
  0.734
  0.734
  0.734
  0.734
  0.734
  0.734
  0.734
  0.734
  0.734
  0.734
  0.734
  0.734
  0.734
  0.734
  0.734
  0.734
  0.734
  0.734
  0.734
  0.734
  0.734
  0.734
  0.734
Average production assets, $m
  625
  698
  775
  856
  940
  1,028
  1,120
  1,216
  1,315
  1,419
  1,526
  1,638
  1,754
  1,875
  2,000
  2,131
  2,267
  2,408
  2,555
  2,708
  2,868
  3,035
  3,208
  3,390
  3,579
  3,777
  3,984
  4,201
  4,427
  4,664
Working capital, $m
  2
  2
  2
  2
  3
  3
  3
  3
  4
  4
  4
  4
  5
  5
  5
  6
  6
  7
  7
  7
  8
  8
  9
  9
  10
  10
  11
  11
  12
  13
Total debt, $m
  358
  425
  496
  570
  648
  729
  813
  901
  993
  1,088
  1,187
  1,290
  1,397
  1,508
  1,624
  1,744
  1,869
  1,999
  2,134
  2,275
  2,422
  2,576
  2,736
  2,903
  3,077
  3,260
  3,450
  3,649
  3,858
  4,076
Total liabilities, $m
  576
  643
  714
  788
  865
  946
  1,031
  1,119
  1,211
  1,306
  1,405
  1,508
  1,615
  1,726
  1,841
  1,961
  2,086
  2,216
  2,352
  2,493
  2,640
  2,793
  2,954
  3,121
  3,295
  3,477
  3,668
  3,867
  4,075
  4,293
Total equity, $m
  576
  643
  714
  788
  865
  946
  1,031
  1,119
  1,211
  1,306
  1,405
  1,508
  1,615
  1,726
  1,841
  1,961
  2,086
  2,216
  2,352
  2,493
  2,640
  2,793
  2,954
  3,121
  3,295
  3,477
  3,668
  3,867
  4,075
  4,293
Total liabilities and equity, $m
  1,152
  1,286
  1,428
  1,576
  1,730
  1,892
  2,062
  2,238
  2,422
  2,612
  2,810
  3,016
  3,230
  3,452
  3,682
  3,922
  4,172
  4,432
  4,704
  4,986
  5,280
  5,586
  5,908
  6,242
  6,590
  6,954
  7,336
  7,734
  8,150
  8,586
Debt-to-equity ratio
  0.620
  0.660
  0.690
  0.720
  0.750
  0.770
  0.790
  0.810
  0.820
  0.830
  0.850
  0.860
  0.870
  0.870
  0.880
  0.890
  0.900
  0.900
  0.910
  0.910
  0.920
  0.920
  0.930
  0.930
  0.930
  0.940
  0.940
  0.940
  0.950
  0.950
Adjusted equity ratio
  0.500
  0.500
  0.500
  0.500
  0.500
  0.500
  0.500
  0.500
  0.500
  0.500
  0.500
  0.500
  0.500
  0.500
  0.500
  0.500
  0.500
  0.500
  0.500
  0.500
  0.500
  0.500
  0.500
  0.500
  0.500
  0.500
  0.500
  0.500
  0.500
  0.500

CASH FLOW

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Net income, $m
  -14
  0
  10
  22
  33
  46
  58
  72
  86
  100
  151
  167
  183
  200
  218
  237
  256
  277
  298
  320
  343
  367
  393
  419
  447
  476
  507
  539
  572
  608
Depreciation, amort., depletion, $m
  111
  118
  126
  134
  142
  151
  160
  170
  180
  190
  153
  164
  175
  187
  200
  213
  227
  241
  255
  271
  287
  303
  321
  339
  358
  378
  398
  420
  443
  466
Funds from operations, $m
  97
  118
  136
  155
  176
  197
  219
  242
  266
  291
  303
  330
  359
  388
  418
  450
  483
  517
  553
  591
  630
  671
  714
  758
  805
  854
  905
  959
  1,015
  1,074
Change in working capital, $m
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  1
  1
  1
  1
  1
  1
Cash from operations, $m
  97
  118
  136
  155
  175
  196
  218
  241
  265
  290
  303
  330
  358
  387
  418
  450
  483
  517
  553
  590
  630
  671
  713
  758
  805
  854
  905
  958
  1,015
  1,073
Maintenance CAPEX, $m
  -56
  -63
  -70
  -78
  -86
  -94
  -103
  -112
  -122
  -132
  -142
  -153
  -164
  -175
  -187
  -200
  -213
  -227
  -241
  -255
  -271
  -287
  -303
  -321
  -339
  -358
  -378
  -398
  -420
  -443
New CAPEX, $m
  -69
  -73
  -77
  -81
  -84
  -88
  -92
  -96
  -100
  -103
  -108
  -112
  -116
  -121
  -125
  -130
  -136
  -141
  -147
  -153
  -160
  -167
  -174
  -181
  -190
  -198
  -207
  -216
  -226
  -237
Cash from investing activities, $m
  -125
  -136
  -147
  -159
  -170
  -182
  -195
  -208
  -222
  -235
  -250
  -265
  -280
  -296
  -312
  -330
  -349
  -368
  -388
  -408
  -431
  -454
  -477
  -502
  -529
  -556
  -585
  -614
  -646
  -680
Free cash flow, $m
  -28
  -18
  -11
  -3
  5
  14
  24
  34
  44
  55
  54
  66
  78
  91
  105
  119
  134
  149
  165
  182
  199
  217
  236
  256
  276
  298
  320
  344
  368
  394
Issuance/(repayment) of debt, $m
  64
  67
  71
  74
  78
  81
  85
  88
  92
  95
  99
  103
  107
  111
  116
  120
  125
  130
  135
  141
  147
  153
  160
  167
  174
  182
  190
  199
  208
  218
Issuance/(repurchase) of shares, $m
  78
  67
  60
  53
  44
  35
  26
  16
  6
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
Cash from financing (excl. dividends), $m  
  142
  134
  131
  127
  122
  116
  111
  104
  98
  95
  99
  103
  107
  111
  116
  120
  125
  130
  135
  141
  147
  153
  160
  167
  174
  182
  190
  199
  208
  218
Total cash flow (excl. dividends), $m
  113
  117
  120
  124
  127
  131
  134
  138
  142
  151
  153
  169
  185
  202
  220
  239
  259
  279
  301
  323
  346
  370
  396
  423
  451
  480
  511
  543
  576
  612
Retained Cash Flow (-), $m
  -78
  -67
  -71
  -74
  -78
  -81
  -85
  -88
  -92
  -95
  -99
  -103
  -107
  -111
  -116
  -120
  -125
  -130
  -135
  -141
  -147
  -153
  -160
  -167
  -174
  -182
  -190
  -199
  -208
  -218
Prev. year cash balance distribution, $m
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
Cash flow adjustment, $m
  8
  8
  9
  10
  12
  13
  14
  15
  16
  18
  19
  21
  22
  24
  25
  27
  29
  31
  33
  35
  37
  39
  41
  43
  46
  48
  51
  54
  57
  60
Cash available for distribution, $m
  36
  49
  50
  50
  50
  50
  50
  50
  50
  55
  54
  66
  78
  91
  105
  119
  134
  149
  165
  182
  199
  217
  236
  256
  276
  298
  320
  344
  368
  394
Discount rate, %
  6.90
  7.25
  7.61
  7.99
  8.39
  8.81
  9.25
  9.71
  10.19
  10.70
  11.24
  11.80
  12.39
  13.01
  13.66
  14.34
  15.06
  15.81
  16.61
  17.44
  18.31
  19.22
  20.18
  21.19
  22.25
  23.37
  24.53
  25.76
  27.05
  28.40
PV of cash for distribution, $m
  33
  43
  40
  37
  33
  30
  27
  24
  21
  20
  17
  17
  17
  16
  15
  14
  12
  11
  9
  7
  6
  5
  3
  3
  2
  1
  1
  1
  0
  0
Current shareholders' claim on cash, %
  93.6
  89.0
  85.4
  82.7
  80.6
  79.2
  78.2
  77.7
  77.5
  77.5
  77.5
  77.5
  77.5
  77.5
  77.5
  77.5
  77.5
  77.5
  77.5
  77.5
  77.5
  77.5
  77.5
  77.5
  77.5
  77.5
  77.5
  77.5
  77.5
  77.5

Kratos Defense & Security Solutions, Inc. is a technology, intellectual property and proprietary product and solution company focused on the United States and its allies' national security. The Kratos Government Solutions segment includes the operations of Defense Rocket Support Services, Microwave Electronics Division, Technical and Training Solutions, and Modular Systems, which provide technology-based defense solutions, involving products and services, with the focus relating to the nation's Command, Control, Communications, Computing, Combat Systems, Intelligence, Surveillance and Reconnaissance requirements. The Unmanned Systems segment includes its unmanned aerial, ground, seaborne and command, control and communications system business. The Public Safety & Security segment provides integrated solutions for homeland security, public safety, critical infrastructure, and security and surveillance systems for government and commercial applications.

FINANCIAL RATIOS  of  Kratos Defense&Security Solutions (KTOS)

Valuation Ratios
P/E Ratio -15.4
Price to Sales 1.4
Price to Book 3.4
Price to Tangible Book
Price to Cash Flow -117.4
Price to Free Cash Flow -55.2
Growth Rates
Sales Growth Rate 1.8%
Sales - 3 Yr. Growth Rate %
EPS Growth Rate %
EPS - 3 Yr. Growth Rate %
Capital Spending Gr. Rate -18.2%
Cap. Spend. - 3 Yr. Gr. Rate -7.1%
Financial Strength
Quick Ratio 69
Current Ratio 0
LT Debt to Equity 156.2%
Total Debt to Equity 156.5%
Interest Coverage -1
Management Effectiveness
Return On Assets -2.6%
Ret/ On Assets - 3 Yr. Avg. 0.3%
Return On Total Capital -8.7%
Ret/ On T. Cap. - 3 Yr. Avg. -4.9%
Return On Equity -23%
Return On Equity - 3 Yr. Avg. -14.9%
Asset Turnover 0.7
Profitability Ratios
Gross Margin 23%
Gross Margin - 3 Yr. Avg. 23.7%
EBITDA Margin 0.4%
EBITDA Margin - 3 Yr. Avg. 2.2%
Operating Margin -2.7%
Oper. Margin - 3 Yr. Avg. -2.8%
Pre-Tax Margin -7.8%
Pre-Tax Margin - 3 Yr. Avg. -8%
Net Profit Margin -9.1%
Net Profit Margin - 3 Yr. Avg. -5.4%
Effective Tax Rate -15.4%
Eff/ Tax Rate - 3 Yr. Avg. 1.9%
Payout Ratio 0%

KTOS stock valuation input parameters

Revenue. Company's revenue (or sales) is always the starting point of any cash flow forecast. In the KTOS stock intrinsic value calculation we used $752 million for the last fiscal year's total revenue generated by Kratos Defense&Security Solutions. The default revenue input number comes from 2017 income statement of Kratos Defense&Security Solutions. You may change it if you feel that it should be adjusted for some unusual circumstances that are not expected to be repeated in the future or if you already know (from interim financial statements, for example) that this year's revenue is going to be quite different.

Revenue growth rate. Forecasted future revenue growth rate is the most important input parameter for the intrinsic value calculation. Unlike other input parameters that are reasonably expected to be in line with their historic averages or their historic trends, the revenue growth rate by and large is a wild card: nobody really knows what the company's revenue will be in the future. Of course, the level of unpredictability is different for different industries (utility companies being the most predictable and, thus, less risky).
    We use three input parameters to forecast the revenue growth rate in our KTOS stock valuation model: a) initial revenue growth rate of 12.4% whose default value is the revenue growth rate in the most recent quarter compared to the quarterly revenue a year ago; b) terminal revenue growth rate of 5% whose default value is chosen to be close to the average nominal (i.e. not adjusted for inflation) GDP growth rate; and c) revenue decline factor of 0.9, which stipulates that revenue growth rate in each forecasted year will be equal to the difference of the revenue growth rate in the preceding year and the terminal revenue growth rate multiplied by this revenue decline factor (with the passage of time the revenue growth rate will be approaching the terminal revenue growth rate, but not quite reaching it - though the difference could be infinitesimally small).
    At the revenue decline factor of 1, the future revenue growth rate is forecasted to be constant and equal to the initial revenue growth rate. The smaller the revenue decline factor, the faster the revenue growth rate will approach the terminal revenue growth.

Discount rate. The discount rate is used for determining the present value of future cash flows: future cash flows are "discounted" as at normal conditions (that translate into positive expected return on investment) one dollar today is worth more than the same dollar in the future. Unlike all other valuation models, we use variable discount rate, i.e. it increases for each consecutive year. This is done to account for higher risk of cash flows coming in further in the future.
    The initial discount rate of 6.9%, whose default value for KTOS is calculated based on our internal credit rating of Kratos Defense&Security Solutions, is applied to the cash flow expected to be received a year from now (well, actually, to be precise, in the financial year following the base year - the last year for which we have financial statements). For each consecutive year the discount rate is multiplied by the discount rate multiplier of 1.05, e.i. each year it increases by 5%. Feel free to change this number to correspond to your level of risk assessment of Kratos Defense&Security Solutions.
    By the way, it is easy to set the discount rate to be constant (this would make comparison with other valuation models easier): just set the discount rate multiplier equal to 1 and chose the magnitude of the initial discount rate to your liking.

Variable cost ratio is the ratio of variable costs (i.e. costs that fluctuate with fluctuation of the volume of production) to the revenue expressed as a percentage. In the calculation of intrinsic value of KTOS stock the variable cost ratio is equal to 84.6%.

Fixed operating expenses is just that - expenses that are not dependant on the volume of production. They are set to $124 million in the base year in the intrinsic value calculation for KTOS stock. These expenses increase with the level of inflation in subsequent years.

Interest rate on debt is the average all-in rate of interest paid by the company on its debt. It is set at 7.9% for Kratos Defense&Security Solutions.

Corporate tax rate of 27% is the nominal tax rate for Kratos Defense&Security Solutions. In reality, companies find ways to pay much less taxes than that or not to pay them at all.

Cash flow adjustment could be used for any adjustment the investor deems necessary. Most commonly we use this field to account for stock options-related effects in excess of what is reported on the company's income statement. The cash flow adjustment is expressed as a percentage of the revenue, and in the current valuation of the KTOS stock is equal to 1%.

Production assets are the company's assets used for manufacturing products or provision of services. In the valuation model input table they are expressed as a percentage of revenue and for KTOS are equal to 74%.

Life of production assets of 10 years is the average useful life of capital assets used in Kratos Defense&Security Solutions operations. It is used to calculate yearly capital expenditures needed to keep these assets in good order - we call it the maintenance CAPEX.

Working capital is the difference between the company's current assets and liabilities. In the model we use the ratio of working capital to revenue, which for KTOS is equal to 0.2%. A negative number means that the company is apt at using financial resources of its suppliers and customers; a large positive number, on the other hand, means that it either provides in-kind financing to others or is not good at managing its inventories.

Book value of equity - $512 million for Kratos Defense&Security Solutions - is used in calculation of the "floor" for intrinsic valuation based on the discounted cash flow (DCF) method. Even if the prospects are very bad for a company, its assets could always be sold now for their current fair market value.

Shares outstanding of 90 million for Kratos Defense&Security Solutions is needed to calculate the intrinsic value of one share.

Market capitalization is used here only for reference purposes and as a quick check that the share price and the number of shares outstanding numbers are correct - something especially to be cognizant about at stock splits. So, the market capitalization of Kratos Defense&Security Solutions at the current share price and the inputted number of shares is $1.1 billion.

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COMPANY NEWS

▶ Gabelli & Companys Aerospace & Defense Conference   [Aug-07-18 07:30AM  Business Wire]
▶ Kratos: 2Q Earnings Snapshot   [Aug-02-18 05:29PM  Associated Press]
▶ PHOTOS: Local defense firm unveils drone for $37 million Navy contract   [Jul-12-18 10:35AM  American City Business Journals]
▶ The Best Defense Stock to Trade for Trump's NATO Summit   [Jul-10-18 09:08AM  TheStreet.com]
▶ Kratos Receives 4-Star Supplier Award from Raytheon   [May-29-18 08:00AM  GlobeNewswire]
▶ [$$] Drones Hit Turbulence   [12:01AM  Barrons.com]
▶ 5 Defense Stocks to Tap US-North Korea Denuclearization Row   [May-17-18 03:10PM  InvestorPlace]
▶ Company News For May 14, 2018   [May-14-18 10:00AM  Zacks]
▶ Kratos: 1Q Earnings Snapshot   [May-10-18 04:51PM  Associated Press]
▶ [$$] 'God of War': How Sony Rebooted an Already Successful Franchise   [Apr-20-18 11:06PM  The Wall Street Journal]
▶ Kratos Advances to Gremlins Phase III   [Apr-18-18 01:15PM  GlobeNewswire]
▶ Kratos Receives Gold Supplier Award from BAE Systems   [Apr-16-18 08:00AM  GlobeNewswire]
▶ 4 Hot Defense Stocks for Syria and a More Dangerous World   [Apr-13-18 09:07PM  TheStreet.com]
▶ Speak Softly and Own These Defense Stocks: Market Recon   [Apr-12-18 07:55AM  TheStreet.com]
▶ Is Kratos Defense & Security Solutions, Inc. a Buy?   [Apr-03-18 07:02AM  Motley Fool]
▶ Kratos Defense Defends Itself Against a Short Attack   [Mar-20-18 01:09PM  Motley Fool]
▶ Kratos Issues a Statement   [Mar-19-18 09:00AM  GlobeNewswire]
▶ Why Kratos Defense & Security Stock Just Dropped 11%   [Mar-16-18 04:51PM  Motley Fool]
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