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Buzzing Trends. Today we will be looking at four ASX space & drone stocks to watch out for in
2022. 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.
DroneShield.
A global leader in drone technology, DroneShield 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 that is 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. DroneShield iscurrently trading at AU$0.175on the ASX, with a market
capitalisation of AU$75.28 million. In the last six months, the stock has gained more than 12%.
Electro Optic Systems.
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. Electro Optic Systems stock is currently trading at AU$2.330 on the ASX,
up by 2.192% on the Australian Securities Exchange (ASX) from its last close.
Kleos Space.
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. The
Kleos Space stock is trading at AU$0.750, with a market capitalisation of AU$133.20 million.
Orbital Corporation.
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 using top-notch
technology. Orbital UAVs host Modular Propulsion Solution, 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. Orbital Corporation
shares are currently trading at AU$0.39, with a market capitalisation of AU$35.44million.
Well, that’s all for now. We will be back soon with our Buzzing Trends show to share
the latest market insights with you. Till then, Stay tuned with Kalkine TV for more stock,
business and economy related hot trends.