Drone companies including AeroVironment Inc. (AVAV), Aevex Corp. (AVEX), and Unusual Machines Inc. (UMAC) rose on news that the Trump administration plans to apply a 100% tariff on imports of unmanned aircraft systems and their components.
The US Army will buy at least $400 million worth of counter-drone lasers from AeroVironment Inc., according to a person familiar with the matter. This purchase comes as militaries seek ways to knock down the unmanned systems proliferating across modern battlefields.
QUICK SPARK: Drone Stocks Rally on Trump's Latest Tariff Move
What's Going On With the Rise in AeroVironment Stock?
Drone stocks rally after Trump orders tariffs on foreign-made components
AeroVironment, Ondas, and Kratos Rising as Trump Levies Tariffs on Drone Imports
Replenishing the Arsenal: How U.S. Missile Shortages Are Driving Defense ETFs
AeroVironment (AVAV) Price Forecast: Bottoming Signals Point Toward Further Gains