Drone stocks are taking off after hours Thursday after Defense Secretary Pete Hegseth issued new orders to fast-track drone manufacturing and deployment.
Looking back on defense contractors stocks’ Q1 earnings, we examine this quarter’s best and worst performers, including AeroVironment (NASDAQ:AVAV) and its peers.
The market generated some fireworks of its own as enthusiasm over tax and trade policies fueled a rally that brought the NASDAQ and S&P 500 to all-time highs
AeroVironment's capital raise, although causing a short-term stock dip, will fund manufacturing expansion to meet record demand and fortify its balance sheet.
Shares of aerospace and defense company AeroVironment (NASDAQ:AVAV)
fell 8.5% in the afternoon session after the company announced a pair of proposed public offerings to raise capital. The unmanned aircraft maker intends to offer $750 million in common stock and an additional $600 million in convertible senior notes, which are a form of debt that can be converted into company shares.
Quarterly earnings results are a good time to check in on a company’s progress, especially compared to its peers in the same sector. Today we are looking at Parsons (NYSE:PSN) and the best and worst performers in the defense contractors industry.
