5 Best Military Drone Stocks To Invest In

4. Lockheed Martin Corporation (NYSE:LMT)

Number of Hedge Fund Holders: 52

Lockheed Martin Corporation (NYSE:LMT) has been developing advanced autonomous systems for the US military since its foundation in 1912. The security and aerospace firm manufactures Procerus Technologies Indago, an advanced unmanned aerial system, which gets deployed in roughly 2 minutes. Lockheed Martin Corporation (NYSE:LMT) sells its Indago drone to customers globally including militaries. In December last year, Lockheed Martin Corporation (NYSE:LMT) won a 129 million euros ($136.3 million) contract to supply 59 Indago 4 drones to the UK Army.

Insider Monkey took a look at Q2 hedge fund portfolios for Lockheed Martin Corporation (NYSE:LMT) and found that 52 had stakes in the firm. John Overdeck and David Siegel’s Two Sigma Advisors was the largest stakeholder of Lockheed Martin Corporation (NYSE:LMT) which bought 791,000 stakes that were valued at $364.5 million.