Wall Street analysts are finally waking up to Unusual Machines as a pure-play in the effort to anchor America's sovereign drone supply chain. One-way attack drones and autonomous systems have forever changed modern warfare, forcing the Department of War to quickly fire up a massive procurement supercycle to stockpile these drones.
We identified UMAC (read report) in mid-July as an NDAA-compliant drone-component manufacturer positioned to reap the rewards as the US government races to stockpile everything from one-way attack drones to interceptor drones.
Piper Sandler analyst Clarke Jeffries is the latest to identify UMAC with an "Overweight" rating and a $38 price target, citing the company's potential in becoming a top domestic drone supplier for the military.
"UMAC is a pure-play drone beneficiary focused on creating an NDAA-compliant source of domestic drone components to fill the multi-billion dollar void in the defense (& commercial) market created by DoW & FCC restrictions against drones and components coming from China," Jeffries said.
He continued, "While UMAC has made real headway in capturing the potential opportunity with the majority of down-selected Drone Dominance competitors as customers and ~100,000 sq. ft. of domestic manufacturing online by EOY, the company undoubtedly remains very early in their journey (headcount of only 240 today. ) While large scaling risks remain
