U.S. weighs potential rules to restrict Chinese drones, Bloomberg reports

Amid national security concerns the White House may have with its rival China, the Biden administration is considering moves to “limit or ban Chinese drones in the US, ” writes Bloomberg’s Eric Martin. “Securing the unmanned aircraft systems technology supply chain is critical to safeguarding our national security,” said Commerce Secretary Gina Raimondo on Thursday, according to Bloomberg. The Fly notes that publicly traded companies that may be impacted include: AeroVironment (AVAV), Amazon.com (AMZN), EHang (EH), Kratos Defense (KTOS), Joby Aviation (JOBY) and Northrop Grumman (NOC).