🟢 AVAV is trading 10.5% up on reports of potential government funding for US drone makers

AVAV is trading 10.5% up at $200.35 following a report that the Trump administration is exploring funding deals with domestic drone manufacturers to expand production.

• According to The Wall Street Journal, AeroVironment is among the companies identified by the Pentagon as a potential candidate for these funding agreements. [13]
• The news has sparked a rally in several drone-related stocks, with AVAV gaining over 8% in pre-market trading. [13]
• This positive development overshadowed the concurrent news of a shareholder class-action lawsuit filed against the company concerning a previously lost Space Force contract. [4, 6]