Kratos Defense & Security Solutions, Inc. Stock News

The recent passage of the Trump administration's One Big, Beautiful Bill provides $150 billion in additional defense spending. That pushes total U.S. defense spending close to $1 trillion.

Don't miss what's happening with drone makers

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Several drone stocks surged on July 11 after the United States Department of Defense (DoD) released a memo with highly bullish implications for the industry. In the memo titled “Unleashing U.S. Military Drone Dominance," Secretary of Defense Pete Hegseth shared his vision for increased U.S. drone production and use.

European plane maker Airbus and U.S.-based Kratos Defense have partnered to supply combat drones to the German Air Force by 2029, Airbus said on Wednesday.

Many catalysts can propel industrial activity in the U.S. over the next several years, including new accounting rules in President Donald Trump's big spending bill.

The U.S. government appears set to divert some of the billions in funding traditionally earmarked for fighter planes to drone manufacturers, and investors are excited about the opportunity. Shares of Kratos Defense & Security (KTOS 11.00%) traded up 13% as of 11 a.m.

The defense secretary said he planned to boost production of drones, and supply combat units with more of them.