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Kratos Defense & Security Solutions Inc. (Nasdaq: KTOS), a small niche defense contractor, is positioned for huge gains right now.
That’s because the U.S. Department of Defense, which already spends more money than the next three largest U.S. government agencies combined, has requested a budget for fiscal year 2016 that steps up spending by 7.7% to a whopping $585 billion.
Defense companies like Kratos will flourish as the struggle against ISIS continues and efforts to prevent a nuclear Iran heat up.
KTOS stock is one of the sector’s best picks. It is playing outside the mainstream defense contracting procurement ballpark. It's returned more than 16% since we alerted readers to a re-entry point on Jan. 9.