10 Best Military Drone Stocks to Buy Now

7. Textron Inc. (NYSE:TXT)

Number of Hedge Fund Holders: 29

Textron Inc. (NYSE:TXT) manufactures products for consumers across several industries, through its six business segments: Bell, Textron Aviation, Textron eAviation, Textron Systems, Industrial, and Finance.

The company is a recognized industry leader in uncrewed air, land, and surface products. It is working on the FTUAS Option 3 and Option 4 award for the US Army. Under the contract, Textron Inc. (NYSE:TXT) will complete flight and MOSA demonstrations and deliver an Aerosonde Mk. 4.8 Hybrid Quad uncrewed aircraft system to the Army for test and evaluation.

On April 24, Textron Inc. (NYSE:TXT) declared financial results for the first quarter of fiscal 2025. It reported revenues of $3.3 billion, topping estimates and growing $171 million from the prior year. The company’s adjusted EPS of $1.28 also surpassed analysts’ estimates of $1.16 per share and was up from $1.20 in Q1 FY24. The strong results were driven by robust demand for military helicopters and aftermarket parts and services in the Aviation segment.

Textron Inc. (NYSE:TXT) also enjoys unmanned surface vehicle (USV) expertise. It recently announced that the Naval Sea Systems Command had awarded Textron Systems a three-year, $100 million contract to perform payload integration and software support activities for the Mine Countermeasures (MCM) Unmanned Surface Vehicle (USV). The company will also be responsible for testing and demonstration work on potential future mission systems.

According to Insider Monkey’s database for Q4 2024, 29 hedge funds held a stake in Textron Inc. (NYSE:TXT), making it one of the best drone stocks to buy now. While Street analysts have a consensus Hold rating for TXT, they anticipate a 31% uptick, on average, in its share price.