5 Best Unmanned Aerial Vehicle Stocks to Buy Now

3. Kratos Defense & Security Solutions Inc. (NASDAQ:KTOS)

Kratos Defense & Security Solutions Inc. (NASDAQ:KTOS) is one of the 7 best unmanned aerial vehicle stocks to buy now.

On March 26, the Naval Surface Warfare Centre, Port Hueneme Division, awarded Kratos Defence & Security Solutions Inc. (NASDAQ:KTOS) a contract to produce and provide up to 36 Oriole solid rocket motors and three Oriole Thrust Vector Control nozzle kits.

The deal also includes a funded base contract for the Oriole program, along with options that have the potential to raise the contract value for the solid rockets to $39.08 million. It also involves an option worth $10.14 million for three Oriole TVC production kits.

On March 3, Kratos Defence & Security Solutions Inc. (NASDAQ:KTOS) announced that a manufacturing contract for an amount of around $7 million has been given to them for a Counter UAS System. The system helps to identify, monitor, and classify potential threats such as cruise missiles, low-profile UAVs, and other aerial attacks. The secure facility of Kratos will be used for this program.

Kratos Defense & Security Solutions Inc. (NASDAQ:KTOS) serves the defense industry, commercial markets, national security organizations, and government agencies. The company delivers virtual systems for space vehicles, command and control software, and tracking solutions. It also offers aerial drone systems, propulsion systems for drones, supersonic systems, and intelligence surveillance, and microwave electronic products.