US aviation firms jump after Trump's drone defence order

Archer Aviation

09/06/2025 09:58

** 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%

 (Reporting by Purvi Agarwal in Bengaluru)

 ((Purvi.Agarwal@thomsonreuters.com;))