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Why Kratos Defense Stock Dropped Today
The Motley Fool·
Kratos Defense stock fell 4.4% after President Trump announced a U.S.-Iran peace deal. Investors sold defense stocks fearing reduced demand for defense products. However, the article argues this concern may be overblown since Kratos primarily makes target-practice drones and its advanced Valkyrie drone wasn't used in the Iran conflict, so the company likely made no sales during the war anyway.
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