Kratos and Aerojet Rocketdyne shares gain after successful rocket engine test

Kratos Defense & Security Solutions (KTOS.US) has performed the first successful static test of the Zeus 1 rocket engine at the Aerojet Rocketdyne (AJRD.US) facility. Kratos intends to respond to demand for new units called SRM engines for missiles carrying research vehicles and hypersonic and ballistic missiles.

The company has a program to develop Zeus SRM units. The engine family was designed and manufactured by Aerojet Rocketdyne. The Zeus engines are expected to be much more efficient and cost-effective than the previous generation of SRM units. The target is also to enable integration of additional systems from Kratos.
The ongoing program is a prelude to a broader iniciativa related to the Erinyes hypersonic test vehicle, which is expected to have a debut in Q1 2024. The company, as one of the Pentagon's leading partners, is also developing the Dark Fury hypersonic sytem, whose specifications remain top secret.
Kratos also intends to revolutionize the military's UAV and XQ-58 Valkyrie aircraft programs by integrating AI systems - without the necessity of external communications and GPS.

Kratos (KTOS.US) shares broke the long-term downtrend (SMA200) and have gained nearly 80% since the December low. Source: xStation5

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