Draganfly shares surged following a Wall Street Journal report that the Pentagon may take equity stakes in U.S. drone manufacturers. The Pentagon's Office of Strategic Capital leads the initiative to bolster domestic production and reduce reliance on Chinese technology. This program utilizes a mix of debt and equity financing for selected American companies.
While the report did not confirm specific funding recipients, Draganfly appeared on a list of potential candidates. Benzinga characterized Draganfly as the most speculative name among the mentioned firms. The news triggered a broad rally across the U.S. drone sector as investors anticipated government capital infusions.