Best Drone Stocks: Top-5 Picks
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Boeing Co. (NYSE: BA)
Boeing is one of the biggest companies in the Dow Jones Index, but the firm is having big problems with the 747 MAX. Regardless, it’s one of the leading developers of drone technology. The company produces a wide variety of drones, including models that can refuel planes, land on aircraft, and even carry up to 500 lbs of cargo. The company’s undeniably strong relationship with the U.S. government gives it a huge advantage. Government clients will surely be interested in Boeings high-tech UAVs.
Textron (NYSE: TXT)
AeroVironment (NASDAQ: AVAV)
Out of all of the companies on this week’s list, AeroVironment is the only one that makes the majority of its revenues from drones. Although this company is small compared to the other massive-cap conglomerates on this week’s list, it’s the best pure-play drone stock in the lineup. In addition to drones, the firm also produces flight systems for military and civilian clients. Earnings are growing at a 94% clip from the previous TTM, and the stock is starting to look cheap after a long consolidation.
Raytheon (NYSE: RTN)
An aerospace/military-industrial company, Raytheon makes high-tech gear for military and civilian clients, including the U.S. military. Be aware that Raytheon plans to merge with industrial conglomerate United Technologies (UTI). The deal is awaiting regulatory approval, and headlines could affect share prices as the merger develops. Regardless, the firm is a leading producer of drone technology. Raytheon is even developing small swarm drones that use advanced AI to work in unison. Regardless The company is working with DARPA, the U.S. governments advanced military research arm, to develop its swarm AI.
Airbus SE (ADR: EADSY)
Europe’s answer to Boeing, Netherlands-base Airbus is also a big player in the drone game. The Wall Street Journal recently featured the firm in an article on stratospheric drones because of its advances in the field. In addition, the firm has several other promising models in the pipeline. The stratospheric drone runs around-the-clock on solar-powered batteries, doing lazy loops in the upper stratosphere for days on end. Proponents of the technology believe stratospheric drones are cheaper and more flexible than spy satellites.
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