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Is the U.S. Air Force Buying Enough Drones?

By Rich Smith - Apr 19, 2013 at 4:44PM

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Probably not.

President Obama just released his 2014 proposed defense budget -- and it's chock-full of nada for investors in the fledgling drone/unmanned aerial vehicle industry. What does the lack of funding for drones portend for such manufacturers as General Atomics, Northrop Grumman (NOC 3.14%),  AeroVironment (AVAV -1.54%), and Textron (TXT -1.28%)?

Fool contributor Rich Smith lays out all the numbers for you in this video.

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Stocks Mentioned

Northrop Grumman Corporation Stock Quote
Northrop Grumman Corporation
NOC
$471.10 (3.14%) $14.33
AeroVironment, Inc. Stock Quote
AeroVironment, Inc.
AVAV
$83.79 (-1.54%) $-1.31
Textron Inc. Stock Quote
Textron Inc.
TXT
$63.40 (-1.28%) $0.82

*Average returns of all recommendations since inception. Cost basis and return based on previous market day close.

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