Why These Defense Stocks Are Gaining This Week

2. Draganfly Inc. (NASDAQ:DPRO)

Weekly Gains: 31.67%

Draganfly Inc. (NASDAQ:DPRO) develops cutting-edge unmanned and remote data collection and analysis platforms and systems. With returns of 31.67% since March 10, it is among the defense stocks that are gaining this week.

Last week, the company announced the establishment of its new facility in Tampa, Florida, to strengthen national security and defense partnerships. It is strategically located close to major government and military clients and includes a live fire testing facility, which reaffirms Draganfly Inc. (NASDAQ:DPRO)’s commitment to delivering advanced drone solutions to US customers.

Draganfly Inc. (NASDAQ:DPRO)’s Tampa facility is part of its long-term strategy to enhance its government business. Analysts view the timing of its opening as critical amid ongoing geopolitical tussles.