AVEX Shares Fall 33% After Navy Orders Report; Company Denies Halt
Aevex shares fell 33% and touched fresh 52-week lows after a report said the U.S. Navy had stopped new orders for its autonomous speedboats. The company said no orders were stopped.
Shares of Aevex Corp. (AVEX) slumped 33% on Wednesday, clocking its worst day ever, and touched fresh 52-week lows after a report that the U.S. Navy has stopped placing new orders for the company’s autonomous speedboats, though Aevex later pushed back on the claims.The U.S. Navy has suspended furth…