What Happened
Pentagon Seeks To Bolster Production And Reduce Costs For Key Drone Makers
Drone stocks surged early Thursday on reports that the Trump administration plans to fund deals with a group of companies to bolster production and reduce costs. The potential deals, which follow months of discussions between private-sector drone companies and the Pentagon, could include debt and equity stakes, giving the US government an ownership stake in the companies. The move is part of the Department of Defense’s efforts to expand its small-drone inventory and experiment with the next generation of combat drones, as reported by Investor’s Business Daily.