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AeroVironment Stock Soars on U.S. Drone Export Policy Shift
AeroVironment Stock Soars on U.S. Drone Export Policy Shift
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BTCCSquare news:
AeroVironment shares surged 17% this week after the U.S. State Department announced plans to ease export restrictions for drone manufacturers. The policy shift opens international markets for the defense contractor's unmanned aircraft systems, coinciding with a Pentagon proposal to nearly double drone-related spending.
Analysts at William Blair reiterated their buy rating, while Bank of America initiated coverage with an outperform recommendation. The latter cited Defense Secretary Pete Hegseth's "Unleashing U.S. Military Drone Dominance" memo as a key growth catalyst. AeroVironment's $4.1 billion acquisition of Blue Halo positions the company to capitalize on expanding counter-drone demand.
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