10 Best Drone Stocks to Buy According to Billionaires

3. RTX Corporation (NYSE:RTX)

Number of Billionaires: 17

Billionaire Holdings: $3,137,353,172

RTX Corporation (NYSE:RTX) holds immense relevance in the UAV segment due to its focus on drone-based missile systems and counter-drone technologies, and expertise in radars, sensors, and electronic warfare offerings.

According to reports, the US Navy will deploy the USS Gerald R. Ford strike group with Anduril’s Roadrunner-M and RTX Corporation (NYSE:RTX)’s Coyote counter-drone systems. The two additional missile systems will be specifically designed to target unmanned aircraft.

The Coyote effector is a low-cost, rail-launched missile variant, featuring a boost rocket motor and a high-speed turbine engine that enable it to defeat both small to large unmanned aerial systems and swarms of drones of varying sizes. The Coyotes are paired with Raytheon’s Ku-band Radio Frequency Sensor, which provides them with detection and defeat capabilities.

Last month, RTX Corporation (NYSE:RTX)’s Raytheon business reportedly signed an agreement with the UAE’s defense and security acquisitions authority, Tawazun Council, to locally produce the Coyote counter-drone system in the Middle Eastern country.

RTX Corporation (NYSE:RTX) reported impressive results for the first quarter of fiscal 2025, with sales increasing 5% year-over-year, while earnings comfortably beat estimates and were 10% higher than the same period last year. It is one of the best drone stocks to buy.