Kratos Defense to join S&P MidCap 400 index

Kratos Defense & Security Solutions Inc. (NASDAQ: KTOS) will be added to the S&P MidCap 400 Index, moving from the S&P SmallCap 600 Index, the company announced.

The San Diego-based defense technology company will transition to the mid-cap index as part of what it described as continued growth and market recognition. The S&P MidCap 400 Index tracks the performance of mid-sized U.S. companies across various industries and serves as a benchmark for institutional and retail investors.

"We are honored to be recognized through our inclusion in the S&P MidCap 400, a milestone that reflects both our financial growth and the confidence in Kratos' strategy," said Eric DeMarco, President and CEO of Kratos.

Companies included in the S&P MidCap 400 are selected based on factors including size, liquidity, and representation of the U.S. mid-cap market. The index inclusion represents a marker of corporate growth and visibility for participating companies.

Kratos operates in defense, national security and commercial markets, focusing on areas including unmanned systems, hypersonics, space technology, and propulsion systems. The company develops products for the U.S. Department of Defense and allied partners.

The information is based on a company press release statement.

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