WATCH LIST
Drones are a growing business that benefit multiple sectors. These include anything from media creation, delivery, to defense. As the technology matures, drones can carry heavier weights and fly further.
Here are the top companies working on drone technology:
🛫 Industrial Aerospace
Drone Delivery Canada Corp (FLT-X)
A drone delivery company that is conducting trials in Northern Ontario, delivering packages that are less than 10 pounds. They are expanding into the US, and are also testing drones which can carry up to 2500 pounds for long distances. The technology can be used for packages, mail, medical supply, or any kind of delivery need.
stockchase.com Boeing (BA-N)
They recently completes a first test flight for their electric vertical takeoff and landing (EVTOL) aircraft. They developed the concept through their subsidiary Aurora Flight Sciences, which is also a partner with Uber for their flying taxi project. Their craft is looking very promising as the prototype completed a controlled takeoff and hover before landing.
stockchase.com Elbit Systems (ESLT-Q)
An Israel-based international defense electronics company that produces Unmanned Air Vehicle (UAV) Systems. These crafts are used by armed forces and governments, including a recent contract with the Brazilian Air Force and by the Swiss Federal Department of Defense for its new reconnaissance drone program.
stockchase.com HEICO CORP (HEI-N)
They produce subcomponents used in commercial and defense satellites, aircraft, Unmanned Aerial Systems (“UASs”) and launch vehicles. Their components were used in NASA’s Curiosity.
stockchase.com L-3 Communications Holdings (LLL-N)
In the defense field. Their Drone Guardian C-UAS system provides a flexible and scalable system against threats. Their communications devices are often used in other companies drones, since it is a military standard issue.
Northrop Grumman (NOC-N)
An American global aerospace and defense technology company that produces unmanned (UAV) surveillance aircraft. They are a recognized leader in Autonomous Systems. They are a big supplier for the US military and are now opened up to sell to the EU and Japan.
stockchase.com Raytheon (RTN-N)
A major U.S. defense contractor that manufactures weapons, and military and commercial electronics. 25% of its revenues come from cybersecurity, a hugely growing area. They also provide the army with drones for thwarting other unmanned systems.
stockchase.com Textron Inc (TXT-N)
Textron Systems’ high-performance unmanned systems are used by both military and commercial enterprises. Part of their business is Bell Helicopter, Cessna Aircraft. They are one of the leading providers of business jets and armoured vehicles for the military.
💻 Technology
Harris Corp. (HRS-N)
They provide and integrate small UAS in the National Airspace System (NAS)
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