The Trump administration is pursuing funding deals with a group of drone companies as part of its effort to increase domestic production and lower the costs of the increasingly vital weapons, people familiar with the matter said, The Wall Street Journal reported.
Drone stocks shined in morning trading. Unusual Machines rose 46%; ParaZero Technologies Ltd rose 25%; Red Cat rose 22%; Swarmer, Inc. up 18%; Ondas Holdings up 15%; AIRO Group Holdings and Draganfly Inc up 13%.
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