small cap defense stocks
Elroy Air Awarded $46 Million U.S. Army Drone Contract
Elroy Air just won a $46 million U.S. Army contract for autonomous cargo drones. The stock built to eventually represent that business barely moved. That gap between the news and the ticker is the whole story this week. A $46 Million Army Contract for Autonomous Cargo Drones Elroy Air, Inc., a developer of autonomous heavy-cargo…
Inside the Counter-Drone Buildout the Pentagon Just Funded
The Pentagon’s fiscal 2027 budget request carries close to 75 billion dollars for unmanned systems and counter-drone defense. Iran has shut down the Strait of Hormuz twice since February. Both numbers point at the same small group of companies. AeroVironment and Kratos already trade at prices that reflect that demand. A smaller group of counter-drone…
