Jefferies Maintains Buy on Kratos Defense & Security, Lowers Price Target to $68

Pete Hegseth Taps Elon Musk, Palmer Luckey to Examine Future of Warfare From Underground to Moon: No 'Creative Limitations or Restrictions'

Hegseth has tapped Musk, Luckey and Newt Gingrich to help the Pentagon plan for future warfare driven by AI, robotics and autonomous weapons.

'Hegseth to Unveil New Pentagon Drone Group, Senator Says' - Bloomberg

Defense Stocks Enter Bear Market, Hit Longest Losing Streak on Record

Defense stocks are on track for a seventh straight weekly loss, a first for XAR since 2011, as Iran peace talk and a stalled budget erase the 2026 gain.