Why These Defense Stocks Are Declining This Week

3. Safe Pro Group Inc. (NASDAQ:SPAI)

Weekly Decline: -15.72%

Safe Pro Group Inc. (NASDAQ:SPAI) is a leading provider of security and protection solutions, with expertise in advanced AI/ML software technology for small object threat detection.

The company has seen volatile share price movement over the past two weeks, especially after the February 25 announcement of signing a multi-year agreement with a leading technical university in Ukraine, under which the two organizations will collaborate on utilizing Safe Pro Group Inc. (NASDAQ:SPAI)’s AI-powered drone image processing technology to develop training programs and build enhanced demining methodologies.

The stock was up 12% the following day at close. Since then, it has been on a steady decline, which is likely a sign of market correction. With a dip of 15.72% over the past week, Safe Pro Group Inc. (NASDAQ:SPAI) makes the list of defense stocks that are declining this week.