10 Best Drone Stocks to Buy According to Billionaires

7. L3Harris Technologies, Inc. (NYSE:LHX)

Number of Billionaires: 11

Billionaire Holdings: $319,024,019

L3Harris Technologies, Inc. (NYSE:LHX) specializes in end-to-end technology solutions connecting the air, space, land, and sea domains in national security. It is also considered a leader in unmanned and autonomous systems.

Late last year, the company was selected by the Defense Innovation Unit (DIU) to develop a command and control system prototype to simultaneously operate thousands of autonomous assets, in line with the Department of Defense’s Replicator initiative to enhance US military’s posture through swarms of uncrewed aircraft, seacraft, and ground vehicles.

In February, L3Harris Technologies, Inc. (NYSE:LHX) introduced AMORPHOUS, its new software, featuring a single user interface to operate thousands of autonomous assets at the same time. It is designed with an open architecture and includes an intuitive and distributed command-and-control interface, which will allow the US military to control a mix of platforms, payloads, and systems simultaneously, even if they are manufactured by another producer.

L3Harris Technologies, Inc. (NYSE:LHX) is an important player in the US defense sector and has received several notable contract awards already this year from the DoD and American allies. Reports in Reuters earlier this month indicate the company has been tapped by the US government to work on overhauling a Boeing 747 into an interim Air Force One, with President Trump wanting the aircraft to be ready as early as fall.

According to Insider Monkey’s database, 11 billionaires have investments in L3Harris Technologies, Inc. (NYSE:LHX), making it one of the best drone stocks to buy. Wall Street analysts are also bullish on LHX, with a consensus Buy rating and an average share price upside potential of 17%.