May 3, 2026
The Drone Warfare Winners: When a $50K Drone Kills a $2M Target, Who Rewrites Defense Economics?
A $50K drone destroying a $2M target. The Iran conflict validated drone-centric warfare economics: unit economics flipped. Market still values KTOS, AVAV by traditional defense models, but legacy primes literally cannot build $50K systems. Full teardown of 10 drone & autonomous systems stocks.