Military Defense Suppliers AeroVironment, Karman & Ondas (Upward Trend)

daz999999999
03-21
$AeroVironment(AVAV)$  

$Karman Holdings (TCFIII SPACECO HOLDINGS LLC)(KRMN)$  

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.

$Ondas Holdings Inc.(ONDS)$  

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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