KTOS

Kratos Defense & Security Solutions Inc

research_scan theme='defense-modernization'; value_chain_position='pure-play'; XQ-58 Valkyrie CCA-track program and MACH-TB hypersonic-target franchise are the public-market autonomy + hypersonic-test exposure; the Anduril NGC2 designation reduces KTOS's representativeness of the autonomy frontier but the hypersonic-target line (MACH-TB) is differentiated and bound by reconciliation flow.