Why These Defense Stocks Are Gaining This Week

3. Draganfly Inc. (NASDAQ:DPRO)

Weekly Gains: 11.34%

Draganfly Inc. (NASDAQ:DPRO) develops cutting-edge unmanned and remote data collection and analysis platforms and systems. It is among the defense stocks that are gaining this week.

On March 20, the company announced the joining of Chris Miller, former Acting U.S. Secretary of Defense under President Donald Trump, to Draganfly Inc. (NASDAQ:DPRO)’s Board of Directors. As a seasoned national security expert, Miller is expected to guide the company’s strategic initiatives in the government and defense sectors.

Investors are also buoyed by Draganfly Inc. (NASDAQ:DPRO)’s 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, reaffirming the company’s commitment to delivering advanced drone solutions to US customers.