In this article, we discuss 5 of the biggest drone companies in the world. If you want to see more of the biggest drone companies in the world, go directly to the 15 Biggest Drone Companies In the World.
05. Elbit Systems Ltd. (NASDAQ:ESLT)
Market Capitalization as of October 31, 2022: $8.93 billion
Number of Hedge Fund Holders as of Q2, 2022: 3
Elbit Systems Ltd. (NASDAQ:ESLT) was incorporated in 1966 and is based in Haifa, Israel. It develops and supplies a portfolio of airborne, land, and naval systems and products for defense, homeland security, and commercial aviation applications, primarily in Israel. The company offers military aircraft and helicopter systems; commercial aviation systems, aerostructures, and unmanned aircraft systems.
Israel, which is Elbit Systems Ltd. (NASDAQ:ESLT) main and largest customer, is experiencing a strong rise in demand for weaponry and technological services. With a market cap of only $9 billion, Elbit is one of the smaller defense plays but promises robust growth, positive cash flow, and a broad range of products.
At the end of the second quarter of 2022, 3 hedge funds in the database of Insider Monkey held stakes worth $41.29 million in Elbit Systems Ltd. (NASDAQ:ESLT), compared to 5 in the preceding quarter worth $66.401 million.
04. Northrop Grumman Corporation (NYSE:NOC)
Market Capitalization as of October 31, 2022: $84.36 billion
Number of Hedge Fund Holders as of Q2, 2022: 45
Northrop Grumman Corporation (NYSE:NOC) is an aerospace and defense company worldwide. It is one of the biggest drone companies in the world. On October 28, Wells Fargo analyst Matthew Akers raised his price target on Northrop Grumman Corporation (NYSE:NOC) to $575 from $516 and kept an Equal Weight rating on the shares. At the end of the second quarter of 2022, 45 hedge funds in the database of Insider Monkey held stakes worth $992.9 million in Northrop Grumman Corporation (NYSE:NOC), compared to 39 in the previous quarter worth $940 million.
03. The Boeing Company (NYSE:BA)
Market Capitalization as of October 31, 2022: $85.73 billion
Number of Hedge Fund Holders as of Q2, 2022: 51
The Boeing Company (NYSE:BA) is one of the largest aerospace companies in the world. It caters to the needs of the commercial and defense aviation sectors, alongside manufacturing spacecraft and other systems and subsystems for space exploration. The company’s defense, space and security segment engages in the research, development, production, and modification of manned and unmanned military aircraft and weapons systems.
02. Lockheed Martin Corporation (NYSE:LMT)
Market Capitalization as of October 31, 2022: $127.07 billion
Number of Hedge Fund Holders as of Q2, 2022: 55
Lockheed Martin Corporation (NYSE:LMT) is a security and aerospace company that engages in the research, design, development, manufacture, integration, and sustainment of technology systems, products, and services worldwide. The company’s aeronautics segment offers combat and air mobility aircraft, unmanned air vehicles, and related technologies.
01. NVIDIA Corporation (NASDAQ:NVDA)
Market Capitalization as of October 31, 2022: $344.33 billion
Number of Hedge Fund Holders as of Q2, 2022: 84
Topping our list of the 15 biggest drone companies in the world is NVIDIA Corporation (NASDAQ:NVDA). It provides graphics, computing, and networking solutions in the United States, Taiwan, China, and internationally. Researchers and developers find NVIDIA Jetson the perfect platform to realize AI applications on their UAV, UGV, and other types of robotic hardware. It is one of the prominent drone stocks to invest in. On October 25, Needham analyst Rajvindra Gill lowered his price target on NVIDIA Corporation (NASDAQ:NVDA) to $155 from $170 and kept a Buy rating on the shares.
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