11 Best Military Drone Stocks to Buy According to Hedge Funds

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1. The Boeing Company (NYSE:BA)

Number of Hedge Fund Holders: 101

The Boeing Company (NYSE:BA) is among the 11 Best Military Drone Stocks to Buy According to Hedge Funds. According to a recent report in the Wall Street Journal (WSJ), the planemaker is in the initial stages of building a new single-aisle aircraft, which would eventually become a replacement forthe  737 MAX.

The 737 MAX entered service in 2017, before being grounded two years later after two fatal air crashes, which not only triggered lawsuits and criminal probes against The Boeing Company (NYSE:BA), but also badly hurt its financial position.

The grounding order was lifted by the Federal Aviation Administration (FAA) in 2020. On September 26, it was reported that the FAA would allow the aerospace company to issue airworthiness certificates for some 737 MAX and 787 airplanes after years of revoking the authority.

The WSJ also reported that The Boeing Company (NYSE:BA)’s CEO met with officials from Rolls-Royce earlier in the year to discuss a new engine for the aircraft, while adding that the company has also been designing a flight deck for a new narrow-body plane with development currently in the planning phase.

While we acknowledge the potential of BA to grow, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an AI stock that is more promising than BA and that has 100x upside potential, check out our report about this cheapest AI stock.

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