By Sabela Ojea
Shares of Kratos Defense & Security Solutions on Monday rose after the company said its OpenEdge 2500 was one of the two products to achieve compliance with the satellite and space industries' DIFI Consortium.
The stock was up 7.9% to $29.43 in late-morning trading. Shares have surged 59% over the past 12 months.
OpenEdge 2500 is an on-ramp for converting analog satellite data and communications streams for operations and management in digital and cloud environments, said the San Diego-based provider of national-security services.
"This approval is a major milestone for Kratos, DIFI, and the satellite industry in ensuring that satellite ground segments can seamlessly adapt to rapidly changing space-layer payloads, orbits, and constellations," said Stuart Daughtridge, chairman of the DIFI Consortium.
The consortium, of which Kratos is a founding member, is an independent, international group of companies that aims to enable interoperability in digital intermediate-frequency and radio-frequency technology for satellite and space industries.
Write to Sabela Ojea at sabela.ojea@wsj.com; @sabelaojeaguix
(END) Dow Jones Newswires
March 10, 2025 11:44 ET (15:44 GMT)
Copyright (c) 2025 Dow Jones & Company, Inc.
免責聲明：投資有風險，本文並非投資建議，以上內容不應被視為任何金融產品的購買或出售要約、建議或邀請，作者或其他用戶的任何相關討論、評論或帖子也不應被視為此類內容。本文僅供一般參考，不考慮您的個人投資目標、財務狀況或需求。TTM對信息的準確性和完整性不承擔任何責任或保證，投資者應自行研究並在投資前尋求專業建議。