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Benzinga
Benzinga
Business
Adam Eckert

Drone Stocks Fly As Defense Secretary Fast-Tracks Drone Production, Deployment

Drone Pete Hegseth
A,Soldier,In,Camouflage,Observes,A,Drone,Hovering,Above,An

Drone stocks are taking off after hours Thursday after Defense Secretary Pete Hegseth issued new orders to fast-track drone manufacturing and deployment.

What Happened: In a video posted on X after the market close on Thursday, Hegseth announced he was signing memos to rescind restrictive policies regarding drone production and deployment.

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