Vir Biotechnology Inc

Defense contractor AeroVironment has been awarded nearly $135 million in new orders from the U.S. Army for its P550 long-range reconnaissance and Red Dragon attack drone systems. The contracts arrive shortly after the company lowered its revenue forecast and recorded a significant goodwill impairment.

AeroVironment reduced its full-year revenue and earnings guidance following the U.S. government's decision to end the BADGER agreement tied to the Space Force's SCAR program. The company reported a net loss of $156.6 million for its fiscal third quarter.

Vodafone Group's UK joint venture is in discussions with Virgin Media O2 for a wholesale broadband agreement that would allow it to sell home internet services over Virgin Media O2's network, as it targets significant customer growth.

AeroVironment shares tumbled almost 19% Monday following a Raymond James downgrade to Underperform, driven by uncertainty over a key U.S. Space Force contract.

AeroVironment shares tumbled almost 19% Monday following a Raymond James downgrade to Underperform. The broker highlighted uncertainty surrounding the U.S. Space Force's $1.4 billion SCAR satellite-communications contract.

AeroVironment shares jumped more than 12% ahead of the bell as Middle East tensions fueled a flight into defense stocks. The drone maker recently secured a $186 million Army order and reports quarterly results next week.

AeroVironment shares jumped more than 12% in premarket trading Monday, leading a defense sector rally following military escalation in the Middle East. The company recently secured a $186 million Army order for its Switchblade drones.

Virgin Galactic shares advanced roughly 3% in premarket trading Monday, extending Friday's rally. Market participants are monitoring the company's financing plans and upcoming U.S. economic indicators.