Drones continue to be front page news. Stories about military drones in Ukraine dominate the media coverage about drones. However, the drone industry continues to push forward with solving logistics issues plaguing drone delivery from going mainstream. Commercial use across agriculture and construction continues rapid introduction of drone technology into their business models.  Exposure to drone stocks might pay off in the long-term. 

We continue our discussion of the 5 biggest drone stocks that we follow ALPP, AVAV, DPRO, RCAT, and UAVS. Investing in stocks is risky, due your own research. This article is simply a complication of the most recent developments involving these companies.

ALPP, Alpine 4 Holdings, Inc. 

has undergone an eight to one reverse split since our last article. The amount of shares available is down to twenty-two million. Drone news from subsidiary Vayu has been limited to announcing their attendance at the AUVSI Exponential 2023. 

The biggest news related to their drone subsidiaries comes from Global Autonomous Corporation, which has begun immediately hiring executives and support staff to install their mesh network across Dubai. A mesh network is considered to be an advancement to the hub and spoke logistics model which is ubiquitous across the sector.

Another advantage to the Vayu, GAC drone strategy is the integration of solid state batteries into the airframe. Allowing for longer flight times, and rapid charging.

AVAV, Aerovironment 

continues securing contracts for their Switchblade 300 missile system. The technology has become the go to choice for the battlefield of Ukraine. The system can be launched from a backpack, has been tested, and proven to be useful in a variety of combat situations.

The market for the Aerovironment UAVs should expand as international sales have just begun.

Aerovironment has also been tasked with helping NASA with the build for the Mars Sample Recovery Helicopter. Which is hopefully going to be collecting samples and bringing advancements to the technology that is in the Ingenuity Mars Helicopter.

 Aerovironment didn’t make the cut to be a vendor for the FTUAS, Future Tactical Unscrewed Aircraft Systems program that the Army is looking to invest in.

Besides that bad news, the company continues to provide products that have mass appeal across the market and the contracts continue to pile up.

DPRO, Dragonfly

Has achieved success with the ability to provide critical data to engineers about the effects of drilling in sensitive areas. Twenty-four-seven monitoring was needed for the duration of the thirty-three day project. The work involved a dangerous drilling scenario deep underground. Drone technology might prove beneficial for many industries due to the cost savings and usefulness.

Dragonfly continues to expand their market share in the Ukraine drone market. The drones are preferred for the emergency response capabilities. The drones are also used for landmine detection.

RCAT, Red Cat Holdings

Has also expanded their footprint into Ukraine. The company received an order for 200 long-range FPV, first-person view drones. These drones will have long-range capabilities and can fly on the battlefield despite scenarios where GPS issues would be ground most drones.

Teal has engaged Doodle Labs to provide their wireless network to Teal’s drones. The company continues to partner with best in industry names to provide technology that will exceed potential clients’ expectations.

The company hopes to provide the Army with drones for their SRR, Short-Range Reconnaissance program. Red Cat has been awarded Blue UAS approval, which allows it the ability to sell to the US Military. 

UAVS, AgEagle Aerial Systems, Inc.

Continues to develop their suite of drone products. Besides the eBee series of drones, the company offers the Ground Measure Control software as an all-in-one solution for flight control management. The inexpensive cost for the program, which has different tiers, can be offset by the improvement in productivity allowed for by the program.

Wingtra, a popular mapping drone, is using AgEagles Red Edge P Dual sensors on their drones. The technology is proving extremely using for the agricultural industry. The sensors can detect minor, almost imperceptible changes in plants.

This relationship should bring in two million dollars in revenue over the next two years.

Drone companies have a lot of space to expand their offerings. Fierce competition exists for coveted military contracts, but many companies are doing just fine without competing for these lucrative contracts. The immense logistics opportunity is attracting new entrants. Commercial uses for drones continue to grow unabated because the technology is being proven time and time again in the field.