Drone stocks fell in 2026 even as backlogs hit records: Ukraine turned aircraft into ammunition, and the Pentagon's 2027 request holds nearly $75B for drones and counter-drone. AeroVironment's reordered loitering munitions and Kratos's jet drones are highest conviction. Counter-drone names Ondas, Axon, Motorola Solutions, Safe Pro, DroneShield and Rheinmetall gain as threats grow, Unusual Machines from Chinese-parts bans. Primes bury drone exposure; pure plays may not convert backlog. x.com  … Show more

Redwire's persistent cash burn and repeated share issuance weaken its investment case despite $13.8m of National Guard drone orders. Training soldiers on its Stalker drones may build familiarity, but operating losses and share expansion threaten shareholder economics. x.com 

Draganfly is being re-rated from a consumer gadget maker to a defense technology supplier, whose long-term contract cash flows are worth far more than one-off sales. In June 2026 it bought Skip Dynamix and its Orca fixed-wing drone, adding long-endurance, low-cost wide-area patrol and opening more defense bids. It has won military contracts including with AFSOC and works with F4 Defense on counter-drone systems. At about $300 million market cap, single contracts can drive outsized growth. x.com  … Show more

IM Cannabis's 107% jump on a letter of intent to buy 51% of a drone company looks likely to fade, since the pivot to UAVs and defense is speculative. The company recently did a 30:1 reverse split and has a history of dilution, and with a $5.2M market cap and 550K float the move points back toward $5. x.com 

Aevex Aerospace isn't cheap just because its EV/revenue or price-to-sales multiples look reasonable next to AeroVironment and Kratos. A dollar of Aevex revenue is not worth the same, as those two have much more sophisticated technology, while Aevex focuses on low-cost drones, an even more competitive market. It is worth considering only once people stop talking about it. x.com 

Draganfly's new Canadian military contract sets up a potential bull flag breakout. It won a five-year Canadian Armed Forces contract for tactical ISR drones, starting with 100 units with an option for up to 5,000 more worth about C$24.25M if fully exercised, days after qualifying in all five categories of Canada's Defence Drone Initiative Marketplace. The stock is holding its 20-day EMA, with $5.19 as the trigger. x.com 

AEVEX's management and private-equity owners diluted IPO buyers right after the roadshow, and holders are still heading for the exits even on a big up day for drones. A quoted post says management either badly misjudged its cash needs six weeks ago or got poor advice from its bankers, or both, to return for a dilutive offering so soon after the IPO. x.com 

AgEagle could benefit as the military buys all the cheap small recon drones it can during the Iran conflict. Per @AtomsNotBits, the US Army just placed a $52M+ order for over 2,500 Skydio X10D drones, and AgEagle's specs are similar to Skydio's or better on many metrics, with Skydio's main edge being production capacity. The stock remains weighed down by a shelf allowing about $90M of dilution against a roughly $40M market cap. x.com 

Draganfly is mispriced at 1.9x cash while the market sleeps on its defense drone wins. It holds $145M cash and zero debt against a $272M market cap. Recent wins include a DEVCOM counter-drone contract, an Air Force Special Operations FPV award, the Skip Dynamix acquisition and Palladyne AI swarm integration, all NDAA-compliant. x.com 

Defense and drone stocks have been oversold even though their fundamentals have not changed. Ondas offers explosive growth and counter-drone exposure, Kratos has Valkyrie and hypersonics, AeroVironment has Switchblade and Army contracts, Unusual Machines has leverage to drone components, and Red Cat has Army wins and NDAA-compliant drones. x.com