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Why AeroVironment Stock Is Flying Higher Today
The Motley Fool· 2025-07-12 00:09
The Pentagon is doubling down on drone procurement, and one of its biggest drone vendors is trading higher as a result. Shares of AeroVironment (AVAV 10.15%) were trading up 9.2% as of 12:01 p.m. ET Friday after Defense Secretary Pete Hegseth on Thursday afternoon issued new orders to his department that are intended to fast- track U.S. drone production and deployment. Moving mainstream AeroVironment makes mostly small to mid-sized unmanned aerial vehicles (UAVs), or drones, primarily for military applicati ...