11 Best Military Drone Stocks to Buy According to Hedge Funds

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6. Northrop Grumman Corporation (NYSE:NOC)

Number of Hedge Fund Holders: 42

Northrop Grumman Corporation (NYSE:NOC) is among the 11 Best Military Drone Stocks to Buy According to Hedge Funds. On September 28, the company announced that it had successfully demonstrated rendezvous, docking, and proximity operations with Starlab Space Stations and Voyager Technologies.

This marks the latest breakthrough in building a fully autonomous capability for the company’s Cygnus spacecraft. As part of a 2023 agreement, Northrop Grumman Corporation (NYSE:NOC) will be adapting the spacecraft to dock and offer cargo delivery missions to LEO space stations, which will help support the next generation of space exploration.

The evolution of Cygnus to meet commercial customers’ requirements heralds a new chapter for Northrop Grumman Corporation (NYSE:NOC) in its quest to advance the commercial LEO economy.

NOC is one of the largest defense contractors in the world. The stock has had impressive returns in 2025, gaining 29% YTD, as of the close of business on October 2.

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