Kratos Defense & Security Solutions (KTOS) Opens a A New Facility in British Columbia

​Kratos Defense & Security Solutions, Inc. (NASDAQ:KTOS) is one of the Best Aerospace Stocks to Buy According to Analysts. On December 5, Kratos Defense & Security Solutions, Inc. (NASDAQ:KTOS) opened a new 10,000 square foot facility dedicated to PT6A and PT6T engine overhaul in British Columbia.

​Management noted that the size of the facility is designed specifically to handle the maintenance, repair, and overhaul of PT6A and PT6T engines. Both of these engines are popular turboprop and turboshaft models widely used in aviation. Moreover, this new facility will also allow the company to expand capabilities and improve services for its Canadian operations.

​Earlier on December 1, Mike Crawford from B. Riley Securities upgraded Kratos Defense & Security Solutions, Inc. (NASDAQ:KTOS) from Hold to Buy with a price target of $105. The analyst noted that the company offers a better risk/reward profile, mainly due to its proprietary IP that enables an array of affordable solutions. The analyst also highlighted the company’s strengths in affordable and resilient C5ISR, hypersonics, and autonomy systems that can enable it to beat expectations.

Kratos Defense & Security Solutions, Inc. (NASDAQ:KTOS) develops advanced technology, products, and systems for defense, national security, and commercial markets. It operates two main segments, including the Government Solutions and Unmanned Systems.

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Disclosure: None. This article is originally published at Insider Monkey.