Global Military Drone Market Expected to Reach $18 Billion By 2028 as U.S. Government Plays Crucial Role in Military Drone Industry
Draganfly Inc. - Common Shares (DPRO)
Company Research
Source: GlobeNewswire
PALM BEACH, Fla., May 07, 2024 (GLOBE NEWSWIRE) -- FinancialNewsMedia.com News Commentary - Military drones, operated autonomously, through remote control, or a combination of both, are equipped with sensors, electronic receivers and transmitters, and offensive ordnance. These drones play a crucial role in strategic and combat zone reconnaissance, intervening on the front lines by designating targets for precision guided munitions or directly deploying these munitions themselves. According to a report from MarketsAndMarkets, the military drone market is poised to reach USD 18.2 billion by 2028, with a Compound Annual Growth Rate (CAGR) of 7.0% during the period from 2023 to 2028. The report said: “The global race among nations to invest in drone technology has sparked a competitive environment. This competition is propelling significant advancements in drone capabilities as countries aim to outpace each other. The growing demand for military drones stems from the evolving nature of
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DPRO
News
- Draganfly Inc. (NASDAQ: DPRO) had its "buy" rating re-affirmed by analysts at HC Wainwright. They now have a $1.00 price target on the stock.MarketBeat
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- Draganfly Announces First Quarter Results of 2024 [Financial Post (Toronto, Ontario, Canada)]Financial Post
- Draganfly Announces First Quarter Results of 2024GlobeNewswire
- Draganfly to Host Shareholder Update and Q1 Earnings Call [Yahoo! Finance]Yahoo! Finance
DPRO
Earnings
- 5/14/24 - Beat
DPRO
Sec Filings
- 5/14/24 - Form 6-K
- 5/14/24 - Form 20-F/A
- 5/13/24 - Form 6-K
- DPRO's page on the SEC website