5 Best Military Drone Stocks To Invest In

In this article, we will take a look at the 5 best military drone stocks to invest in. To see more such companies, go directly to 11 Best Military Drone Stocks To Invest In.

5. Northrop Grumman Corporation (NYSE:NOC)

Number of Hedge Fund Holders: 40

Northrop Grumman Corporation (NYSE:NOC), a global aerospace and defense firm, ranks 5th in our list of the best military drone stocks to invest in. It manufactures the RQ-4 Global Hawk unmanned aircraft system which provides intelligence, surveillance, and reconnaissance information. Northrop Grumman Corporation (NYSE:NOC)’ Autonomous Systems include MQ-4C Triton, Bat Unmanned Air System, NATO Alliance Ground Surveillance, and others. Recently, the US Air Force selected the company to train the Air Force personnel to operate the first Battlefield Airborne Communications Node platform and payload. It reported Q3 earnings of $6.18 per share that beat analysts’ expectations of $5.81.

40 out of the 910 hedge funds profiled by the Insider Monkey database had held a stake in Northrop Grumman Corporation (NYSE:NOC) at the end of June 30. During that time, the largest stakeholder was Ken Griffin’s Citadel Investment Group which owned about 744,000 stakes of Northrop Grumman Corporation (NYSE:NOC) that were valued at $339.2 million.