Investors rattled as small drone-maker faces budget cuts

03/13/2013 | Bloomberg Businessweek

AeroVironment, based in Monrovia, Calif. is a small maker of unmanned drones, and the Pentagon's interest in such weaponry helped propel the firm to prominence. Now the company faces the effect of sequestration cuts and investors are nervous. It's emblematic of the problems small contractors face during a Pentagon budget crunch. "The wrong one or two contracts being radically truncated, for a small company could be very meaningful," said Mark Jordan, a St. Louis- based analyst at Noble Financial Capital Markets.

View Full Article in:

Bloomberg Businessweek

Published in Brief:

SmartBrief Job Listings for Government & Nonprofit

Job Title Company Location
Export Compliance/Contracts Administrator
Kaman Aerospace - Kaman Precision Products
Middletown, CT
Executive Director
Affirmations
Ferndale, MI
Program Manager
Greater Boston PFLAG
Waltham, MA
Manager of Business Development & Vendor Managed Invetory Programs
Kenig Aerospace / Hurlen Corporation
Plantation, FL
Executive Director
Gay & Lesbian Victory Fund and Institute
Washington, DC