10 Best Drone Stocks to Buy According to Billionaires

8. Textron Inc. (NYSE:TXT)

Number of Billionaires: 8

Billionaire Holdings: $436,530,442

Textron Inc. (NYSE:TXT) manufactures products for consumers across several industries, through its six business segments: Bell, Textron Aviation, Textron eAviation, Textron Systems, Industrial, and Finance.

The company is working on the FTUAS Option 3 and Option 4 award for the US Army, under which it will complete flight and MOSA demonstrations and deliver an Aerosonde Mk. 4.8 Hybrid Quad uncrewed aircraft system for test and evaluation.

Besides being a recognized leader in UAVs, Textron Inc. (NYSE:TXT) also enjoys expertise in unmanned surface vehicles (USV). It was recently awarded a three-year, $100 million contract by the Naval Sea Systems Command to perform payload integration and software support activities for the Mine Countermeasures (MCM) Unmanned Surface Vehicle (USV).

On April 24, Textron Inc. (NYSE:TXT) announced financial results for the first quarter of fiscal 2025, topping estimates for both revenue and earnings. The strong results were driven by robust demand for the company’s military helicopters and aftermarket parts and services in the Aviation segment.

With returns of nearly 17% over the past month and an average share price upside potential of 13.71%, Textron Inc. (NYSE:TXT) is one of the best drone stocks to invest in. According to Insider Monkey’s database base for Q4 2024, 8 billionaires have a stake in the company, with combined holdings of over $436 million.