Draganfly Inc
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*Nasdaq FSI: *Deficient: Issuer Failed to Meet NASDAQ Continued Listing Requirements

Based in Canada
Company profile

Draganfly Inc. is a manufacturer, contract engineering and product development company within the unmanned aerial vehicles space, which serves the public safety, agriculture, industrial inspections, and mapping and surveying markets. It manufactures multi-rotor helicopters, industrial aerial video systems and civilian small unmanned aerial systems or vehicles. The Company’s products include Quadcopters, Draganfly Commander2, Vital Intelligence, Quantix Mapper, Tango2, Payloads and Sensors, Universal Control System and Software. Its services include custom engineering, training, flight services, data services and varigard spraying. The Company’s wholly owned subsidiaries include Draganfly Innovations Inc., Draganfly Innovations USA, Inc. and Dronelogics Systems Inc.

Closing Price
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-0.015 (-1.46%)
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Stifel relaunches defense stock coverage as Ukraine war rages

9:16 am ET March 18, 2022 (MarketWatch)

By Steve Gelsi

Stifel sees increased demand for government services as the battle space becomes more digital.

Stifel on Friday resumed coverage of eight government services stocks and initiated coverage of KBR Inc. as the sector faces increased demand from an elevated threat environment.

"New frontiers such as space and cyber are highlighting the changing dynamics within the military as well as across cabinet agencies as the war between Russia and Ukraine puts a spotlight on defense capabilities and general agency resilience," analyst Bert W. Sabin said in a research note. "This push started before the conflict but has been catalyzed as a result, in our view."

Stifel assigned "buy" ratings to Booze Allen Hamilton Holding Corp. (BAH) ($96 price target), Jacobs Engineering Group Inc. (J) ($159 price target), Leidos Holdings Inc. (LDOS) ($126 price target), and Parsons Corp. (PSN) ($43 price target).

Among analyst Sabin's comments on these four buy-rated stocks, he cited Booz Allen's outsized exposure to the Navy, which is taking budget share from the Army, while Jacobs Engineering ranks as a "top beneficiary of increased semiconductor capital expenditures."

Leidos Holdings, was described as "the best equipped government services provider to win contracts in an environment where size and scale are becoming increasingly more important." Parsons Corp. is positioned to capture U.S. government budget dollars via its Federal Solutions unit while its critical infrastructure business benefits from spending on aviation, rail and bridges.

Stifel also initiated coverage of KBR Inc. (KBR) with a buy rating and a $43 price target.

"KBR is uniquely positioned to grow across its portfolio as government spending increases in its primary verticals and commercial spending ramps in sustainable technology," Sabin said.

Sabin cited five "distinct tailwinds" that should help KBR outperform including increased U.S. presence in Europe; mission technology, cyber defense and space growth; the company's recent household goods contract win from U.S. Transportation Command valued at $20 billion, international defense spending growth, particularly in Australia, and growth in sustainable technology as oil prices remain elevated.

"In our view, all piece together a best-in-class growth story at an attractive valuation," Sabing said of KBR.

Analysts also assigned hold ratings to CACI International Inc. (CACI) ($305 price target) , ManTech International Corp. (MANT) ($90 price target), Science Applications International Corp. (SAIC) ($95 price target) and Vectrus Inc. (VEC) ($42 price target).

Also Read:As Russia presses its war with Ukraine, here are 10 aerospace and defense stocks expected to rise up to 39%

-Steve Gelsi


(END) Dow Jones Newswires

March 18, 2022 09:16 ET (13:16 GMT)

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