Investors focused on the Aerospace space have likely heard of Kratos Defense & Security Solutions (KTOS Quick QuoteKTOS - Free Report) , but is the stock performing well in comparison to the rest of its sector peers? Let's take a closer look at the stock's year-to-date performance to find out.

Kratos Defense & Security Solutions is one of 41 companies in the Aerospace group. The Aerospace group currently sits at #8 within the Zacks Sector Rank. The Zacks Sector Rank gauges the strength of our 16 individual sector groups by measuring the average Zacks Rank of the individual stocks within the groups.

The Zacks Rank is a proven system that emphasizes earnings estimates and estimate revisions, highlighting a variety of stocks that are displaying the right characteristics to beat the market over the next one to three months. KTOS is currently sporting a Zacks Rank of #1 (Strong Buy).

The Zacks Consensus Estimate for KTOS's full-year earnings has moved 36.11% higher within the past quarter. This shows that analyst sentiment has improved and the company's earnings outlook is stronger.

Based on the latest available data, KTOS has gained about 7.27% so far this year. Meanwhile, the Aerospace sector has returned an average of 4.37% on a year-to-date basis. As we can see, Kratos Defense & Security Solutions is performing better than its sector in the calendar year.

Looking more specifically, KTOS belongs to the Aerospace - Defense Equipment industry, which includes 25 individual stocks and currently sits at #188 in the Zacks Industry Rank. Stocks in this group have gained about 5.39% so far this year, so KTOS is performing better this group in terms of year-to-date returns.

Going forward, investors interested in Aerospace stocks should continue to pay close attention to KTOS as it looks to continue its solid performance.