Military Defense Suppliers AeroVironment, Karman & Ondas (Upward Trend)
$Karman Holdings (TCFIII SPACECO HOLDINGS LLC)(KRMN)$
AeroVironment $(AVAV)$ this week said it had acquired Empirical Systems Aerospace for about $200 million to bolster its drone-making capabilities. Another defense firm, Karman $(KRMN)$, plans to open a new facility to make more components for counterdrone programs and missiles.
Ondas $(ONDS)$ on Wednesday launched a new joint venture with Heidelberger Druckmaschinen (XE:HDD) to deliver autonomous drone defense and security systems across Germany and Ukraine. Earlier this week, the firm completed its acquisition of a British drone maker.
"Europe is facing an urgent need to protect critical infrastructure, military installations and civil assets from evolving drone threats," Ondas CEO Eric Brock said in a statement.
Ondas's stock has surged 49% over the last three months and 1,354% over the last 12 months, while Karman shares are up 60% over the past three months and 179% over the last year. AeroVironment's stock is up 72% over the last 12 months, despite paring some gains after a major contract was reopened.
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