Kratos Defense vs. Lockheed Martin: Which Stock Is a Better Buy Now?

Lockheed Martin LMT and Kratos Defense & Security Solutions KTOS are two defense companies positioned to benefit from rising global military spending, modernization of defense capabilities and increasing demand for advanced weapons systems. However, the two companies offer different investment opportunities. While Kratos Defense is emerging as a growth-oriented defense technology player focused on unmanned systems, hypersonics, propulsion and next-generation military technologies, Lockheed Martin is an established defense contractor with a broad portfolio of combat aircraft, missile systems, helicopters and space technologies.