Aevex Shares Fall 26% After Report Navy Suspends Speedboat Purchases
A report says the U.S. Navy suspended purchases of Aevex speedboats used to launch drones at sea. Aevex shares were down 26% by midday to around $11.
By Anita HamiltonShares of military drone maker Aevex got sucker-punched Thursday following a report that the U.S. Navy has suspended purchases of its speedboats used to launch drones from the sea.Shares of Aevex were down 26% by midday to around $11, less than half what they closed at on Aevex's f…