Drone Stocks for 2026

The US Army wants 1 million drones, and a few companies stand to benefit immensely

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Introduction

In this article I’ll cover the five main public drone companies in North America: Red Cat, Ondas Holdings, Draganfly, Unusual Machines, and AeroVironment.

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Structure of the Analysis

First, I’ll present the key data points for each company. I’ll follow this structure:

• Subsidiaries

• Manufacturing footprint

• Revenue guidance

• Gross margins and projections

• Net cash

• Backlog

• Contract wins

• Patents

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After that, we will have a clearer view of these businesses and compare them properly.

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Later on, I’ll cover each company one by one, focusing on their strengths and weaknesses.

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Ondas Holdings (ONDS)