10 Best Military Drone Stocks to Buy Now

3. Honeywell International Inc. (NASDAQ:HON)

Number of Hedge Fund Holders: 67

Honeywell International Inc. (NASDAQ:HON) is an integrated operating company that helps organizations address their most complex challenges in aviation, automation, and energy transition. The company is an important player in the military drone market.

In October 2024, Honeywell International Inc. (NASDAQ:HON) partnered with Merlin Labs to bring autonomy to a wide range of aircraft, including military fleets. Under the agreement, Honeywell Anthem’s advanced avionics suite will be integrated with Merlin’s non-human pilot system to reduce pilot workloads during special missions.

Late last year, Honeywell International Inc. (NASDAQ:HON) also announced a strategic collaboration with Near Earth Autonomy to support autonomous rotorcraft program pursuits. The two companies will initially team up with Leonardo as a competitor in the United States Marine Corps (USMC) Aerial Logistics Connector (ALC) prototype program.

On February 26, Honeywell International Inc. (NASDAQ:HON) announced its intention to separate Automation and Aerospace Technologies, in addition to the previously announced plan to spin Advanced Materials. The change is expected to be completed during the second half of 2026 and will result in three publicly listed companies, with distinct growth drivers and strategies.

According to Insider Monkey’s database for Q4 2024, 67 hedge funds held a stake in Honeywell International Inc. (NASDAQ:HON), making it one of the best drone stocks to buy.