Why These Defense Stocks Are Declining This Week

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

Weekly Decline: -9.88%

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.

On February 25, the company announced the signing of 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.

Since then, Safe Pro Group Inc. (NASDAQ:SPAI) has shown high levels of share price volatility, going up one week, and down the other, despite no positive or negative news coming out from the company. The ongoing fluctuation is likely a result of the general uncertainty in the aerospace and defense industry as a whole.