We're approaching a new era of defense, one that will use AI-enabled military drones that can run without a human operator.
According to BTIG, the DoD requested $5.3 billion in fiscal year 2025 for unmanned systems, most of which is directed at procurement programs.
The firm forecasts the DoD's entire unmanned funding requests to grow at a 9.5% compound annual growth rate through fiscal year 2029.
General Dynamics is another of Madrid's buy-rated stock in the unmanned systems arena.
Strong demand of its defense products, including ammo and ground vehicles, also indicate earnings growth potential, the analyst added.
Persons:
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