AeroVironment stock (AVAV) jumps as Trump’s defense-budget push keeps drone makers in focus
AeroVironment shares rose 4.9% to $362.02 after President Trump proposed a $1.5 trillion U.S. military budget for 2027 and signed an order tying contractor payouts to weapons delivery. Parry Labs announced a partnership with AeroVironment on the Army’s new P550 drone. The FCC granted exemptions for some AeroVironment drone imports through 2026. The stock traded near its 52-week high.