Four ASX space & drone stocks to watch out for in 2022

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Four ASX space & drone stocks to watch out for in 2022

ASX, stock market, shares 
Image source: Vintage Tone, Shutterstock

Highlights

  • Space & drone technology has sprung up as one of the in-demand technologies in recent years.  
  • DroneShield uses AI-based sensor fusion and signal processing to monitor, detect and defeat unmanned aerial systems posing threat. 
  • Electro Optic Systems has developed the world’s only autonomous robotic space laser tracking system. 
  • Orbital Corporation is a global leader developing integrated engine systems for military drones. 

Space & drone technology has sprung up as one of the in-demand technologies in recent years. The landscape for space travel and drone applications zoomed in quite swiftly in the year 2021, and companies operating in the space & drone tech space geared up on an upward trajectory. But will the growth momentum continue in the forthcoming year 2022? Let’s explore!

Here, we have listed four of the most promising stocks from the drone & space technology sector.

Drone Shield Limited (ASX:DRO)

 Drone stocks, ASX
Image source: Dmitry Kalinovsky, Shutterstock.com

DroneShield Limited (ASX:DRO)

A global leader in drone technology, DroneShield Limited renders multi-domain, multi-mission solutions to enhance the performance of already deployed third-party sensors. The Company utilises its Artificial Intelligence-based sensor fusion and signal processing to monitor, detect and defeat UAS (Unmanned Aerial Systems) endangering safety, privacy, and security.

The Sydney-based drone security tech firm offers protection against substantial risks by employing latest countermeasure products.

DRO shares last closed at AU$0.180 on 21 December 2021, with a market capitalisation of AU$75.28 million. In the last six months, the stock has gained more than 12%.

GOOD READ: Next Hot Segment on ASX- Drone Technology

Electro Optic Systems Holdings Limited (ASX:EOS)

Drone stocks, ASX
Image source: © Red150770 | Megapixl.com

EOS has its operations expanded in Defence, Space and Communications technology. It has two research centres in Australia and several production facilities at home and in the United States.

With over 35 years of experience in designing, manufacturing and exporting advanced tech systems, the ASX-listed technology company has emerged as one of the largest defence exporters in the southern hemisphere. It has excelled in space information and intelligence services, optical, microwave and on-the-move satellite products, optical sensor units and remote weapon systems for land, sea, and air.

EOS stock traded at AU$2.330 on 21 December 2021, up by 2.192% on the Australian Securities Exchange (ASX) from its last close.

 4 ASX space & drone stocks to watch out for in 2022

 

Kleos Space SA (ASX:KSS)

 Drone stocks, ASX
Image source: © Cookelma | Megapixl.com

The ASX-listed firm is engaged in detecting and geolocating radio frequency transmissions from space for quicker identification of hidden and illegal activity.

Kleos possesses distributed sensing and intelligence gathering capability for its satellites to utilise technologies that reduce potential risks. The Company takes lead to fulfil changing customer needs by small, low-cost satellites.

The process utilises four satellites to collect radio frequency data which is downlinked, processed, and delivered to customers across locations. Later, the proprietary data is licensed on a subscription basis for government and commercial use cases.

On 21 December 2021, KSS stock last traded at AU$0.760, with a market capitalisation of AU$133.20 million.

Orbital Corporation Limited (ASX:OEC)
A global leader in the creation of integrated engine systems for military drones, Orbital boasts a rich experience of more than 30 years dedicated to engine design. The firm works to upgrade the performance of unmanned aerial vehicles (UAVs) using top-notch technology.

Orbital UAVs host Modular Propulsion Solution (MPS), dealing with the rising demand for aircraft to have the flexibility and versatility that can fulfil varying end customer requirements and also, for the rapid deployment of those aircraft.

OEC shares traded at AU$0.38 on 21 December 2021, with a market capitalisation of AU$35.44million.

ALSO READ: A look at the Drone Technology landscape - DRO, OEC

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