Key Takeaways ONDS' backlog (preliminary) up 180%, while 2026 revenue guidance was raised to $170-$180M on OAS momentum.Red Cat expects 2025 revenue of $38-$41M as defense demand, new programs and factory expansion drive growth.RCAT revenues are rising, but widening losses and heavy capex are concerns.The global drone industry has reached a pivotal growth phase driven by broad adoption across commercial, government and military sectors. According to a report from Grand View Research, the global drone tech m ...