On July 7, AeroVironment declined 5.11% in regular trading, trading near $164.89/share with turnover of approximately $140 million. The drop came despite the company announcing a $30.9 million purchase order to supply Puma drone systems to the German Bundeswehr.

The contract, awarded through the NATO Support and Procurement Agency, covers advanced payloads, ground control technologies, communications and autonomy kits for Germany's LARUS airborne reconnaissance program, with deliveries and operator training to be completed by late this year. However, the relatively modest order size failed to provide uplift amid broader sector weakness.

The Aerospace & Defense sector experienced significant selling pressure, with Rocket Lab USA falling 9.35% and GE Aerospace declining 3.53%. AeroVironment's stock had surged sharply in recent sessions — rising over 20% on strong fiscal Q4 results that beat estimates (EPS $1.84 vs. $1.46 expected; revenue $641.6M vs. $556M expected), followed by an additional 16% gain after winning a $500 million counter-drone contract. The accumulated gains created substantial profit-taking demand that compounded the sector-wide downturn.

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