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Stock impact report

Palmer Luckey and other defense tech leaders see Trump's victory as a win for the industry [Business Insider]

AeroVironment, Inc. (AVAV) 
Last aerovironment, inc. earnings: 3/3 04:10 pm Check Earnings Report
US:NASDAQ Investor Relations: investor.avinc.com/investor-relations
Elon Musk's ties with Trump and Vance could drive defense acquisition reforms. Some leaders in the defense tech industry, including Anduril cofounder Palmer Luckey, think that defense tech startups are poised for success during president-elect Donald Trump's second term. Over the last decade, Silicon Valley has made waves in the defense tech industry. Startups like Anduril, which makes autonomous vehicles for military use, have secured multimillion-dollar contracts from the US government. Luckey founded Anduril in 2017 after previously founding virtual reality company Oculus, which he sold to Meta for $2 billion Last month, Anduril unveiled its new AI-powered Bolt-M drone, which fits in a backpack. Anduril developed the drones as part of $249 million in contracts awarded to the companies Anduril, AeroVironment, and Teledyne FLIR to provide "kamikaze drones" for the Defense Department, according to DefenseScoop, a military news blog. In an interview with Bloomberg TV, Luckey s Show less Read more
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