The drone industry is just starting to take off, creating a unique opportunity for ZenaTech (NASDAQ: ZENA), AeroVironment (NASDAQ: AVAV), Leonardo DRS Inc. (NASDAQ: DRS), L3Harris Technologies (NYSE: LHX) and Red Cat (NASDAQ: RCAT).
That’s because drones are quickly becoming an essential tool for the U.S. government and defense as well as innovating multi-billion-dollar businesses involved in mapping, surveys, construction, maintenance, inspections, logistics, agriculture, oil and gas, security and even deliveries.
Look at the drone-as-a-service (DaaS) market, for example.
According to Research and Markets, the industry is expected to be worth about $355.55 billion by 2032. All thanks to strong business demand for enhanced efficiency and cost-effectiveness. Drones are faster and more precise data collectors for land surveys to maintenance to security. Any job that is dull, dirty or dangerous in the future will be using a drone.
All of which is a solid catalyst for ZenaTech.
Unlike its peers, ZenaTech is unique with its DaaS model for drones. It is acquiring a national network of land survey businesses with existing customers and integrating its drone solutions from which it plans to expand to a larger portfolio of drone offerings.
In fact, ZenaTech’s Drone as a Service (DaaS) business model offers both business and government customers reduced costs and convenience to utilize drones to streamline legacy processes and manual tasks such as inspections, surveying, maintenance, precision agriculture and inventory management ─ there is no need to purchase drone hardware and software, find a drone pilot, manage maintenance and operation, or acquire regulatory approvals.
The model also offers scalability to use more often or less often based on business needs and utilizes ZenaDrone’s multifunction AI autonomous drones.
Expanding its presence, ZenaTech Also Signed an Offer to Acquire North Carolina Land Surveying Company to Expand State Operations and Government Customers
ZenaTech just signed an offer to acquire a well-established North Carolina-based land surveying company with a strong government customer base. The proposed acquisition expands operations in the state when combined with a previously announced proposed land survey acquisition with operations in North Carolina.
That strategic acquisition would significantly advance the company’s regional market penetration as well as growth in the US Southeast.
According to Shaun Passley, Ph.D., ZenaTech CEO, “This proposed acquisition aligns with our strategy to build a robust, scalable, national Drone as a Service business while empowering strong regional and local hubs and recurring revenue opportunities. We plan to embed AI-powered drone technology into critical land survey workflows providing unparalleled speed and precision. Land surveys are a first step to innovating multiple legacy businesses and inefficient processes with our DaaS model and our drones.”
The land survey company offers comprehensive services include boundary surveys, topographic and site planning surveys, ALTA (American Land Title Association) / ACSM (American Congress on Surveying and Mapping) surveys, construction staking, and other essential survey solutions for permitting, financing, and construction across city, county, and commercial sectors.
Even better, ZenaTech has now closed five acquisitions across the US to date as part of its DaaS business model and strategy and has announced it plans to complete 20 more acquisitions in the next 12 months.
Other related developments from around the markets include:
AeroVironment delivered company-owned, company-operated (COCO) maritime intelligence, surveillance and reconnaissance (ISR) services in support of the U.S. Navy’s 4th Fleet as part of Operation Southern Spear. AV’s JUMP® 20 medium uncrewed aircraft system (MUAS) was deployed across the Caribbean and southern Atlantic region, providing persistent ISR where it actively tracked potential illicit activities within the 4th Fleet’s jurisdiction. JUMP 20 is a vertical take-off and landing (VTOL) MUAS designed for rapid deployment, with fully hands-free autonomous launch and recovery capabilities on moving vessels—even in challenging maritime conditions, including sea state level 5 and winds exceeding 20 knots.
Leonardo DRS Inc. announced that it has been awarded a $41 million contract from the Naval Sea Systems Command to continue delivering critical combat management system hardware for U.S. Navy surface combatants, allied naval forces, and the U.S. Coast Guard. Under the contract, Leonardo DRS will provide a range of advanced hardware—including multi-screen consoles, displays, and peripheral equipment—designed to support the AEGIS Combat System and Ship Self-Defense System (SSDS) deployed on a variety of large and small deck ships. The hardware serves as the primary operator interface for sailors to gather, process, and display vital battlespace information and make rapid tactical decisions. The system’s open architecture design ensures interoperability and scalability across current and future platforms.
L3Harris Technologies and NASA successfully test-fired the first RS-25 rocket engine slated to help power the fifth launch of the Space Launch System or SLS rocket for the Artemis Moon exploration campaign. This is the first hot-fire test of a flight version of the new RS-25 engine. The first four Artemis missions use upgraded RS-25 engines from the space shuttle program. “This successful acceptance test shows that we’ve been able to replicate the RS-25’s performance and reliability, while incorporating modern manufacturing techniques and upgraded components such as the main combustion chamber, nozzle and pogo accumulator assembly,” said Kristin Houston, President, Space Propulsion and Power Systems, Aerojet Rocketdyne, L3Harris. “Our propulsion technology is key to ensuring the United States leads in lunar exploration, creates a sustained presence on the Moon and does not cede this strategic frontier to other nations.”
Red Cat Holdings, a drone technology company integrating robotic hardware and software for military, government, and commercial operations, today announced it has secured new orders for its Edge 130 drone from the Army National Guard and another U.S. Government Agency (OGA), totaling $518,000. FlightWave, a leading provider of VTOL drone, sensor and software solutions was acquired by Red Cat in September 2024. The acquisition brought FlightWave’s flagship drone, the Edge 130 Blue into its family of low-cost, portable unmanned reconnaissance and precision lethal strike systems. FlightWave’s size, weight and vertical take off capabilities makes it ideal for maritime operations and littoral environments.
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