Stocks linked to drone technology surged in premarket trading Friday after reports emerged that U.S. Defense Secretary Pete Hegseth has ordered a sharp escalation in drone manufacturing and deployment.
As reported by Fox News, Hegseth has authorized military leaders to fast-track the acquisition and testing of both commercially available drones and 3D-printed prototypes. The move is part of a broader push to accelerate innovation and boost readiness across U.S. defense capabilities.
The announcement triggered a rally among drone-related equities. Red Cat Holdings (NASDAQ:RCAT) saw its shares jump 12% ahead of the opening bell. AeroVironment (NASDAQ: AVAV) gained 4.3%, while Kratos Defense & Security Solutions (NASDAQ: KTOS) advanced 3.3% in early trading.
Kratos Defense & Security Solutions stock price
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