Our mid-June initiation, "How To Profit From the Asymmetric Warfare Boom," identified the leading public and private companies positioned across the drone and counter-drone space.
Our first single-name coverage focused on Unusual Machines on July 23 (read here). The stock has since surged nearly 77% (read here), signaling that Wall Street is beginning to reprice these defense names as the Ukraine-Russia conflict and the Gulf-area conflict have forever changed how warfare is conducted on the modern battlefield.
As our asymmetric-warfare boom theme continues to evolve, our attention now shifts to another AI-enabled defense and drone company that has spent the year on a merger-and-acquisition spree to expand its drone offerings ahead of a massive procurement supercycle for these technologies from the Department of War.
The bull thesis surrounding Ondas, according to Roth analyst Scott Searle, is that the company's acquisition spree is transforming it into a potential next-generation defense prime and that it will soon become a major supplier of autonomous battlefield systems.
Searle init
