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.

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