Three military-style drones fly over a desert at sunset. Key Points AeroVironment's battle-proven loitering munitions have become an essential tool for modern ground forces, driving significant revenue growth. Kratos is pioneering the future of air combat with its high-performance, attritable aircraft, designed to serve as a powerful force multiplier. Red Cat’s strategic partnerships are rapidly expanding its capabilities into new defense domains, including counter-drone systems and maritime security. ...