AeroVironment rises 5.6% for weekly gain; Boeing slips
Leon Neal/Getty Images News

AeroVironment (NASDAQ:AVAV) on Friday rose 5.6% to break a three-day losing streak and end the week with a 6.2% gain. Many U.S. defense contractors also rose for the week as investors weighed whether the war between Hamas and Israel would expand in the Middle East.
Before todayâs gain, AeroVironmentâs (AVAV) shares faced selling pressure. The maker of military drones and unmanned systems on Monday was downgraded by analysts at Raymond James. They said AeroVironment (AVAV) faced greater uncertainty of U.S. military support for Ukraine amid congressional squabbles over defense spending.

Boeingâs (NYSE:BA) stock on Friday fell 3.3% and ended the week with a 1.2% decline. A news report Thursday said the company had expanded inspections of some planes after discovering a manufacturing defect. The report led analysts at Deutsche Bank to cut their estimate of Boeingâs (BA) aircraft deliveries for the year.







U.S. Defense Contractors






5-day change




week ended Oct. 13


AeroVironment (AVAV)
6.2%


Boeing (BA)
-1.2%


Lockheed Martin (NYSE:LMT)
0.1%


Huntington Ingalls (NYSE:HII)
11.0%


General Dynamics (NYSE:GD)
10.5%


Northrop Grumman (NYSE:NOC)
15.8%


L3Harris Technologies (NYSE:LHX)
8.2%


BAE Systems (OTCPK:BAESF) (OTCPK:BAESY)
8.9%


Leidos (NYSE:LDOS)
4.3%


Honeywell International (NASDAQ:HON)
-0.6%





More on AeroVironment, Boeing, etc.

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Boeing will deliver fewer planes than previously estimated, Deutsche Bank says
Boeing, Spirit Aerosystems expand inspections of 737 Max 8 - report