Unusual Machines Inc. (UMAC:NYSEAMERICAN), U.S.-based drone parts supplier, is expected to deliver significant growth this year and beyond due to ramping-up federal unmanned aerial vehicle programs, achieving break-even status, and mergers and acquisitions activity, noted a Needham & Co. report. Read on to learn more about this Buy-rated company.
Needham Analyst Austin Bohlig wrote in an updated research note that Unusual Machines Inc. (UMAC:NYSEAMERICAN) is "particularly well positioned" to take advantage of a new defense program that could lead to US$1 billion in orders.