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News  ›  The Motley Fool

Why AeroVironment Stock Climbed Today

The Motley Fool Logo The Motley Fool By Joe Tenebruso
Why AeroVironment Stock Climbed Today

AeroVironment's stock rose over 8% following President Trump's announcement to increase the U.S. military budget from $1 trillion to $1.5 trillion for 2027. The drone manufacturer is well-positioned to benefit from increased defense spending, as unmanned aerial vehicles have become vital to military operations.

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Stock climbed 8.31% on the day following Trump's announcement of a $500 billion increase in military spending. The company's drone technology is well-regarded and positioned to capture a significant portion of increased defense budget allocations.