5 Biggest Drone Companies In the World

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In this article, we discuss 5 of the biggest drone companies in the world. If you want to see more of the biggest drone companies in the world, go directly to the 15 Biggest Drone Companies In the World.

05. Elbit Systems Ltd. (NASDAQ:ESLT)

Market Capitalization as of October 31, 2022: $8.93 billion

Number of Hedge Fund Holders as of Q2, 2022: 3

Elbit Systems Ltd. (NASDAQ:ESLT) was incorporated in 1966 and is based in Haifa, Israel. It develops and supplies a portfolio of airborne, land, and naval systems and products for defense, homeland security, and commercial aviation applications, primarily in Israel. The company offers military aircraft and helicopter systems; commercial aviation systems, aerostructures, and unmanned aircraft systems.

Israel, which is Elbit Systems Ltd. (NASDAQ:ESLT) main and largest customer, is experiencing a strong rise in demand for weaponry and technological services. With a market cap of only $9 billion, Elbit is one of the smaller defense plays but promises robust growth, positive cash flow, and a broad range of products.

At the end of the second quarter of 2022, 3 hedge funds in the database of Insider Monkey held stakes worth $41.29 million in Elbit Systems Ltd. (NASDAQ:ESLT), compared to 5 in the preceding quarter worth $66.401 million.

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