5 Biggest Drone Companies In the World

04. Northrop Grumman Corporation (NYSE:NOC)

Market Capitalization as of October 31, 2022: $84.36 billion

Number of Hedge Fund Holders as of Q2, 2022: 45

Northrop Grumman Corporation (NYSE:NOC) is an aerospace and defense company worldwide. It is one of the biggest drone companies in the world. On October 28, Wells Fargo analyst Matthew Akers raised his price target on Northrop Grumman Corporation (NYSE:NOC) to $575 from $516 and kept an Equal Weight rating on the shares. At the end of the second quarter of 2022, 45 hedge funds in the database of Insider Monkey held stakes worth $992.9 million in Northrop Grumman Corporation (NYSE:NOC), compared to 39 in the previous quarter worth $940 million.