By Josh Beckerman
Shares of ZenaTech rose as it said it will fast-track its ZenaDrone unit's plans for dual-use defense and commercial drones due to President Trump's executive order to ease restrictions on U.S. drones.
The stock was up 5.5% to $4.79 and is down about 38% this year. Shares surged 40% last Thursday as ZenaTech detailed plans to serve U.S. defense and government agencies.
The company said Tuesday that it will expand its dual-use production for the ZenaDrone 1000 and IQ series of AI multifunction drones planned for its Arizona manufacturing facility to benefit from the new policy directive.
The executive order issued Thursday requests that the Federal Aviation Administration expand drone operations by enabling routine "Beyond Visual Line of Sight" operations for commercial and public safety missions and calls for prioritization of U.S.-manufactured drones.
Write to Josh Beckerman at josh.beckerman@wsj.com
(END) Dow Jones Newswires
June 10, 2025 14:03 ET (18:03 GMT)
Copyright (c) 2025 Dow Jones & Company, Inc.
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