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Benzinga
Benzinga
Business
Dylan Berman

Drone Stocks Rise After Defense Secretary Hegseth Announces Drone Surge

Drone Pete Hegseth
Military,Kamikaze,Drones,With,Aerial,Bombs,Fly,In,Front,Of

Shares of drone stocks are trading higher after Secretary of Defense Pete Hegseth announced efforts to fast-track drone production.

What To Know: Hegseth signed a directive that allows military commanders at the rank of colonel or Navy captain and above to independently procure and test small drones—specifically Group 1 and Group 2 unmanned aircraft systems.

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