Unusual Machines Soars 22%, Red Cat Climbs 8%, Ondas Gains 4% on Trump's 100% Drone Tariff
Midday Friday, Unusual Machines stock surged 22% to $33.24, leading a scattered rally in domestic drone names following reports tied to Trump's 100% drone tariff. Other drone stocks also rose, with Red Cat up 8% and Ondas up 4%.
Why it matters — The tariff-driven rally in domestic drone stocks signals a policy shift in the drone sector that could affect the broader defense and aerospace market landscape relevant to LMT watchers.