Published on 1 Nov 2023 on Insider Monkey via Yahoo Finance
11 Best Military Drone Stocks To Invest In
In this article, we will take a look at the 11 best military drone stocks to invest in. To know more about the top stocks, go directly to 5 Best Military Drone Stocks To Invest In.
The war between Russia and Ukraine, started in February 2022, fueled the demand for drones as both militaries utilized drones for different operations including intelligence, surveillance, and reconnaissance operations, target acquisition support, and others, according to Fortune Business Insights. Recently, Iran provided loitering munitions to the Russian army in Ukraine. According to the Japan-based financial news provider Nikkei Asia, Russian firms imported at least 37 Chinese unmanned aerial vehicles, or drones, from December last year to April 2023.
Drones can also be used for food or package deliveries. Morgan Stanley Research estimated that the online food delivery sector is anticipated to reach $60 billion in sales by 2025. And that’s why there is a huge demand for foods and packages to be delivered through drones to customers’ doorsteps. There are a total of 863,728 drones and 352,222 commercial drones registered in the United States for multiple purposes, according to the US Federal Aviation Administration. Technology firms are increasing drone adoption in their businesses after the FAA implemented regulatory benchmarks for commercial drones.