US aviation firms jump after Trump's drone defence order

ReutersJun 9, 2025 8:58 AM

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Joby Aviation JOBY.N, Archer Aviation ACHR.N jump 10% and 12%, respectively, premarket

Stocks extend gains from Friday, when Donald Trump signed executive orders to bolster U.S. drone defenses, boost electric air taxis and supersonic commercial aircraft

Order aims to increase airspace security against potential threats from drones, which have disrupted flights and sporting events

On Friday, JOBY climbed 7.4%; ACHR soared 8.7% to snap six-session losing run

YTD, JOBY flat, ACHR gains little over 4%

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