Drone stocks rallied on Friday after President Donald Trump announced import tariffs in an effort to boost U.S. manufacturing and protect national security.
Unusual Machines popped 15%, while Red Cat rallied about 7%. Aerovironment and Kratos also climbed.
"U.S. drone production needs to be expanded rapidly to ensure U.S. national and economic security," the White House wrote in a release, adding that outsourcing parts poses major security and cybersecurity concerns.
The White House said the tariffs will create new jobs, while protecting U.S. national security and the defense industrial base.
