Drone stocks just caught a bid after investors reacted to a Wall Street Journal report that the Trump administration is in talks to fund multiple U.S. drone companies tied to the Pentagon’s “Drone Dominance” initiative.
The report tied those talks to the Pentagon’s $1.1 billion Drone Dominance program, which is designed to accelerate the fielding of low-cost, one-way attack drones. Official program materials describe a goal of fielding hundreds of thousands of weaponized drones by 2027, while the Journal reported a 300,000-drone target.
