US Stock Market Move | The rumor of the Trump administration investing in drones sets off a surge in the drone sector. Unusual Machines (UMAC.US) soars 33% before the market opens.

Before the US stock market opened on Thursday, stocks related to drones surged significantly. Earlier, it was reported that the Trump administration is considering signing funding agreements with multiple drone companies to expand domestic production scale and reduce the increasing costs of this important defense technology. Insiders revealed that potential funding recipients confirmed by the Pentagon include: Performance Drone Works, which has a contract with the Army to provide reconnaissance drones; Unusual Machines (UMAC.US), a drone parts supplier supported by Donald Trump Jr.; and Neros Technologies, a startup focused on developing small first-person view drones supported by Sequoia Capital. Insiders revealed that these potential agreements were reached after several months of negotiations between the Pentagon and multiple private drone companies. The US Strategic Capital Office also participated in the negotiations, which is a loan institution established during the Biden administration to support companies that are crucial to the national security supply chain. Influenced by this news, drone and defense-related stocks rose before the market opened. Among them, Unusual Machines surged 33%, Red Cat Holdings (RCAT.US) rose 16%, AgEagle Aerial Systems, Inc. (UAVS.US) rose 15%, AeroVironment (AVAV.US), Kratos Defense & Security Solutions, Inc. (KTOS.US), ZenaTech (ZENA.US) all rose over 10%, Ondas (ONDS.US) rose 9%, and AIRO Group (AIRO.US) rose 5%.