UAV Drone Industry7 Drone Stocks to Watch for 2022 | Investing

December 12, 2021by helo-10

This company develops unmanned systems and other technologies for U.S. national security-related customers and allies as well as commercial enterprises. Although the company reported a loss in its quarterly statement in November, its unmanned systems segment revenue grew 14.6%, to $61.3 million. Still, the segment’s earnings decreased as the company boosted lower-margin development programs, including one for tactical drones. Eric DeMarco, the company’s CEO, said in a statement accompanying the results that the 2022 U.S. Defense Department budget will be favorable for the company, which has a number of programs moving from development to production. “Though we expect COVID-related, supply chain and customer issues the industry and Kratos are experiencing to continue, there is no change in Kratos’ expected up-and-to-the-right, long-term organic growth profile with increasing profit margins,” DeMarco says.

Source link

Leave a Reply

Your email address will not be published. Required fields are marked *

There is more to being a drone pilot than just buying a machine and flying in your backyard. It can be that simple, but most of us will need to understand some drone laws before we try to take to the sky.


[contact-form-7 id=”300″ title=”Subscribe form”]
Objectively innovate empowered manufactured products whereas parallel platforms.