2 stocks that are growing thanks to military contracts and autonomous drones

Autonomous drones have been a topic that has attracted increasing attention in recent years, not only in commercial applications but also in the military and military sectors. This trend has particularly intensified following recent unusual drone sightings in the northeastern US.

Two companies that focus on autonomous drones have recently seen their stock values rise massively thanks to major military contracts that have brought them to the fore. How are these companies capitalizing on the growing demand for advanced military technology and what's in store for the future?

Red Cat $RCAT

The first of these companies to benefit from large-scale contracts is Red Cat. The latter has seen a meteoric rise in 2024 thanks to several contracts with the US military and NATO. A major point that helped the stock rise so quickly was Red Cat's win under the U.S. Army's Short-Range Reconnaissance (SRR) drone program, which involves the delivery of more than 5,000 drones over five years. This contract…