Defense/drone names have been hit hard, but the secular theme still looks intact: autonomous warfare, counter-drone systems, NATO rearmament, AI battlefield software, and reshoring away from Chinese supply chains.

$DRSHF – DroneShield
Counter-drone/electronic warfare leader with growing NATO & European contracts. Pure-play C-UAS exposure and one of the most direct beneficiaries of venue/critical infrastructure security demand.
PT: $2.50–3.50 base / $5+ bull

$KTOS – Kratos
Closest public “mini-Anduril” play: autonomous systems, hypersonics, loyal wingman drones, AI warfare stack. More diversified defense tech than pure drones.
PT: $45–55 base / $70+ bull

$AVAV – AeroVironment
Institutional-quality drone leader with proven battlefield systems and strong execution. Premium valuation but arguably best-in-class exposure to tactical UAV adoption.
PT: $180–220 base / $275+ bull

$ONDS – Ondas
Speculative but increasingly validated counter-UAS + autonomy platform (via Sentrycs). Key catalyst: announced deployments supporting 2026 FIFA World Cup venue security across North America — serving as real-world validation for large-scale counter-drone infrastructure. Also expanding into rail, critical infrastructure, and AI-enabled security systems.
PT: $4–7 base / $10–15 bull

$RCAT – Red Cat
High-beta U.S. military drone narrative with strong retail momentum and direct exposure to tactical battlefield UAV demand.
PT: $9–14 base / $20+ speculative bull

$UMAC – Unusual Machines
Picks-and-shovels drone supplier focused on NDAA-compliant motors/components as Western defense procurement shifts away from Chinese supply chains. Quiet but strategically important.
PT: $8–12 base / $18+ bull

$AMPX – Amprius
Advanced silicon battery play tied to drones, robotics, and autonomous systems. Second-derivative beneficiary if drone endurance and payload requirements scale materially.
PT: $5–8 base / $12–15 bull