Why These Defense Stocks Are Gaining This Week

4. Nauticus Robotics, Inc. (NASDAQ:KITT)

Weekly Gains: 10.07%

Nauticus Robotics, Inc. (NASDAQ:KITT) develops autonomous robots for the ocean industry. The stock is down 32% year-to-date, as it faces pressures to comply with NASDAQ compliance requirements.

However, shares have surged by over 10% in the past week, after Nauticus Robotics, Inc. (NASDAQ:KITT) announced that it had signed a definitive agreement to acquire SeaTrepid International, LLC – a company that provides subsea robotic services. The strategic acquisition is likely to result in significant revenue growth for KITT in fiscal 2025.

Nauticus Robotics, Inc. (NASDAQ:KITT) is also an important player in the defense sector. In January this year, the company forged a strategic alliance with Leidos to advance subsea autonomy solutions.