UMAC is trading 33% up at $24.95 in pre-market action following reports that the Pentagon is negotiating funding deals and potential equity stakes in U.S. drone manufacturers.
- The initiative aims to expand domestic production and counter China’s dominance in the sector, which investors view as a major potential demand and funding tailwind for firms like UMAC.
- The move extends a sharp multi-day rally for the stock, which previously climbed from $14.45 on May 18 to $18.83 on May 27.