金吾财讯 | 贝尔德发研报指，“克瑞拓斯安全防卫(KTOS)作为拥有丰富发展契机的防御技术领域领导者，在空间、超音速、目标无人机以及导弹/空中防御平台的微波组件方面占据领先地位。其拥有各类前景良好的业务，比如战术无人机(XQ-58AValkyrie)，鉴于2024年多次成功试飞，预计美国海军陆战队对其的采用量将会增加。”
该行表示，项目EAGLE更新(预计于2025年上半年进行)是潜在大宗订单的关键关注要点。近期克瑞拓斯安全防卫获得的价值14.5亿美元的高超音速合同，对其股票具有变革性意义，预计2026年该公司KGS部门的收入将实现接近20%的增长。该行基于此，将克瑞拓斯安全防卫的目标股价提升至40美元(之前为35美元)。此次上调还涉及与创纪录的高超音速合同相关的2026年收入和每股收益(EPS)预期。同时，将KGS的企业价值/息税折旧摊销前利润(EV/EBITDA)倍数提高至28倍(较之前上升3倍)，而KUS倍数则维持30倍不变。维持“跑赢大市”评级。
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