AeroVironment Stock And 2 Aerospace Picks Backed By Defense Drone Demand

Aerospace and defense stocks sit at the crossroads of government spending, long contract cycles, and complex global trade flows, which can appeal to investors when inflation trends are mixed and growth signals differ across regions. While bond yields, energy prices and central bank decisions pull markets in different directions, this screener focuses on companies that manufacture or provide services to the Aerospace and Defense industries, giving you a targeted way to research this theme. In this article, you will see 3 stocks from the screener that stand out for further investigation and why they may deserve a closer look.

Voyager Technologies (VOYG)

Overview: Voyager Technologies is a defense and space infrastructure company that supplies propulsion, guidance, signal intelligence and AI-powered edge computing systems. It is also developing commercial space infrastructure such as the Bishop Airlock and the Starlab space station. The company serves government and commercial customers across defense, national security and space industries from its base in Denver.

Operations: Voyager’s reported revenue mix includes a segment adjustment of US$170.8 million. Geographic revenue is primarily from the United States at US$152.6 million, with smaller contributions from Europe at US$11.5 million and other regions at US$3.0 million.

Market Cap: US$1.8b

Voyager Technologies attracts attention because it combines early leadership in commercial space infrastructure, through Starlab and platforms such as the Bishop Airlock and LEOcloud, with exposure to defense and national security contracts that support current revenue. At the same time, the company reported a Q1 2026 net loss of US$44.0 million, is expected to remain unprofitable for several years and has limited cash runway alongside a new US$250 million credit facility, which highlights funding risk. Recent contract wins in AI, DARPA programs and quantum space partnerships indicate growing demand. However, the stock’s high volatility and reliance on external borrowing mean investors are weighing the company’s ambitious plans against balance sheet and execution risks.

Voyager Technologies sits where ambitious space infrastructure meets real funding pressure, and the full story is not always obvious from headline contracts or a single quarter of results. Before deciding whether that mix of opportunity and risk still lines up, walk through the Voyager Technologies financial health report

AeroVironment (AVAV)

Overview: AeroVironment is a defense technology company that builds uncrewed aircraft systems, loitering munitions, counter drone solutions, ground and maritime robots, and advanced communication, space, cyber and directed energy systems for government and commercial customers worldwide.

Operations: AeroVironment generates most of its revenue from Autonomous Systems at about US$1.36b, with Space, Cyber and Directed Energy contributing roughly US$618.8 million. Total sales lean heavily toward the United States at around US$1.42b compared with US$556.4 million from international markets.

Market Cap: US$7.3b

AeroVironment attracts interest because it sits at the heart of modern defense priorities, from small drones and counter UAS systems to lasers and space communications. It is supported by a multi year backlog reportedly above US$2.7b and a sales pipeline above US$35b through 2030. Analysts expect revenue and earnings to grow, but the company is still unprofitable today, reported a decline in gross margin after the BlueHalo acquisition and remains heavily tied to U.S. defense budgets, so funding or program changes could matter. For investors who want exposure to defense robotics, directed energy and AI enabled autonomy, the mix of large new contracts, international orders and higher execution risk makes AeroVironment a stock that may warrant closer, more nuanced research.

AeroVironment’s rapid shift into drones, directed energy and space is attracting serious attention, but the real story sits inside the backlog, margins and program mix laid out in the analysis report for AeroVironment

Moog (MOG.A)

Overview: Moog is a precision engineering company that supplies motion and fluid control systems used in military and commercial aircraft, space vehicles, missiles, industrial automation, medical equipment and simulation platforms. Its products sit inside critical applications where reliability and performance are essential, serving customers across aerospace, defense and industrial markets worldwide.

Operations: Moog generates revenue across four segments, with Space and Defense at US$1.23b, Industrial at US$1.01b, Commercial Aircraft at US$984.7 million and Military Aircraft at US$943.8 million.

Market Cap: US$12.9b

Moog stands out in aerospace and defense because it couples record sales and earnings with a deep position in critical systems, from actuation and motion control to counter drone solutions tested with partners at Fort Hood. Earnings have been growing faster than revenue, margins have improved, and management is pairing a dividend with buybacks. However, analysts flag that the stock trades on a high P/E and above some estimated cash flow values. In addition, high debt, ongoing tariff and working capital pressures, plus reliance on healthy defense budgets, make Moog a company where strong execution coincides with meaningful financial trade offs that serious investors may wish to study closely.

Moog’s record sales, earnings momentum and richer P/E are pulling in attention, but the real tension is whether that premium is justified by future performance and balance sheet trade offs hiding in the analysis report for Moog

The three aerospace and defense stocks covered here are only a starting sample from this theme. The full Aerospace And Defense screener surfaced 66 more companies with equally compelling narratives waiting to be assessed side by side. Use Simply Wall St to identify and analyze the specific catalysts, contract profiles and balance sheet traits that matter most to you so you can focus on the highest conviction opportunities within this sector.

Take Control of Your Investment Journey

If Voyager Technologies or any of these companies have caught your attention, register for FREE with Simply Wall St and add your companies to a Watchlist to monitor the share price against the fair value and track any new developments as they happen. Once you've made your move, manage your holdings with our Portfolio Command Center that filters out the noise to deliver only the most critical, actionable updates. Throughout your journey, our Community allows you to filter the best ideas from thousands of investor perspectives. By uncovering hidden catalysts and risks early, you'll accelerate your decision-making and stay one step ahead of the market.

Seeking Fresh Alternatives Beyond Defense?

New themes can move from quiet to breakout quickly, and the most interesting stocks rarely stay under the radar for long. Scan fresh ideas before the crowd and act now.

• Spot less crowded stories by reviewing 19 high quality undiscovered gems to bring strong balance sheets and fundamentals together before momentum headlines catch up.
• Lock onto resilient cash generators using the list of solid balance sheet and fundamentals (47 results) so you focus on businesses with financial footing that can handle swings in sentiment.
• Ride structural trends in grid upgrades with the 34 power grid technology and infrastructure stocks and see which companies may benefit if capital keeps flowing into energy infrastructure.

This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.

Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team@simplywallst.com