10 Best Defense Contractor Stocks to Buy Now

6. Axon Enterprise, Inc. (NASDAQ:AXON)

Number of Hedge Fund Holders: 62

With significant upside potential, Axon Enterprise, Inc. (NASDAQ:AXON) secures a spot on our list of the 10 Best Defense Contractor Stocks to Buy Now.

On September 15, 2025, Dedrone by Axon Enterprise, Inc. (NASDAQ:AXON) announced its partnership with Mobile Camera Security (MCS) to develop and manufacture a locally produced DedroneRapidResponse counter-drone trailer for the Australian, New Zealand, and Indo-Pacific markets.

The mobile airspace-security system, which was unveiled at the Australia New Zealand Intelligence Forum (ANZIF), integrates Dedrone’s multi-sensor drone-detection technology with MCS’s diesel- and solar-powered mobile surveillance expertise. It enables rapid deployment in under 20 minutes. With this collaboration, Axon Enterprise, Inc. (NASDAQ:AXON)’s division, alongside MCS, aims to strengthen sovereign counter-drone capability in the region, reflecting the growing demand for locally built defense technologies.

Axon Enterprise, Inc. (NASDAQ:AXON) offers TASER-brand conducted energy devices, along with hardware and cloud-based software for law enforcement agencies globally. It is one of the Best Defense Contractor Stocks.