Military Drone Procurement

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A 'Swiss Army Knife' For The Military? Here's Why Draganfly Stock is Taking Off
Benzingaยท 2025-07-17 20:18
Core Insights - Draganfly Inc's shares are experiencing a significant surge due to a new military contract and an analyst upgrade [1][2] - The Commander3 XL drone has been selected by a branch of the U.S. Department of Defense for intelligence, surveillance, and reconnaissance operations [2] - H.C. Wainwright & Co. analyst Scott Buck has reiterated a 'Buy' rating and raised the price target from $3.50 to $6, contributing to the stock's rally [2] Company Developments - The Commander3 XL drone is described as the "Swiss Army Knife" of drones, featuring a modular design tailored for specific military mission needs [2] - The procurement process involved direct collaboration with military end-users, highlighting the drone's reliability and versatility for frontline applications [2] Stock Performance - Draganfly shares closed up 39.38% to $7.22, with a 52-week high of $7.31 and a low of $1.58 [3]