Core Thesis - The drone industry is experiencing significant growth, driven by government investments and advancements in technology, with projections indicating a market size increase from $73.06 billion in 2024 to $163.6 billion by 2030, representing a CAGR of 14.3% [5] Company Overview: Draganfly - Draganfly has over 25 years of experience in the drone industry, producing a diverse range of drones and related equipment for sectors such as agriculture, insurance, public safety, energy, and defense [2] - The company has established strong connections with government organizations, particularly in law enforcement and military, where its drone capabilities are in high demand [8] - Recent demonstrations of Draganfly's Outrider Border Drone platform have generated increased interest among law enforcement and military officials [9] Recent Developments: Draganfly - Draganfly secured a significant international military contract for its Commander 3XL drones, which have a flight time of 50 minutes, a range of over 2 kilometers, and a payload capacity of 22 pounds [10] - Analyst Austin Bohlig highlights a robust pipeline for Draganfly, with expectations for a meaningful revenue inflection in 2026, supported by large-scale defense programs in Canada and the U.S. [11][12] Company Overview: Unusual Machines - Unusual Machines, established in 2019, focuses on building and selling drone components, particularly in the first-person view (FPV) technology [13] - The company has made strategic acquisitions, including Fat Shark and Rotor Riot, to enhance its position in the drone technology market [14] Recent Developments: Unusual Machines - Unusual Machines received an order for 3,500 NDAA-compliant motors from the U.S. Army's 101st Airborne Division, marking a significant contract win [15] - The company has opened a new 17,000 square foot motor production facility and a 25,000 square foot warehouse in Orlando, Florida, to expand its manufacturing and logistics capabilities [16][17] - Analyst Bohlig notes a growing pipeline of Enterprise orders exceeding $16 million, with expectations for revenues to increase by 240% year-over-year to approximately $33 million in 2026 [18]