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UAS Desk
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Methodology & data quality

Educational research only. Not investment advice, a solicitation, or a recommendation to buy, sell, or hold any security. Datapoints are labeled disclosed, analyst judgment, or unable to verify. Contract ceilings, IDIQ vehicles, MOUs, and partnership announcements are not funded revenue.

Labels

Disclosed means a primary filing, earnings release, or official holdings page. Analyst means an implication (share count from mcap ÷ price, residual quarter, book-to-bill from orders/revenue). Unable means the line was not in the research set — displayed as n.d., never filled with a guess presented as fact.

Universe rules

Start from DRNZ (https://www.rexshares.com/drnz/, 2026-08-20) plus names the spec asked to investigate. Keep U.S.-listed names with material U.S./allied drone, C-UAS, component, or autonomy evidence. Drop China eVTOL, space launch, and primes whose drone P&L is not a disclosed segment (those sit on the comparable/excluded lists).

Procurement hygiene

IDIQ ceilings, program-of-record selections, MOUs, and “pipeline” figures are tagged. Funded backlog / RPO is the only number treated as near-term coverage. Blue UAS is configuration-specific and dated to the list we retrieved — re-check DIU / DCMA before using it as a procurement fact.

Prices

Last prints from Yahoo Finance query1 (spark + chart), not CBOE and not a paid vendor. The desk fetches on load, then every 60 seconds during the U.S. regular session (9:30–16:00 ET) and every 15 minutes in pre-market, after-hours, and overnight so the next open is not missed. Fallback snapshot retrieved 2026-08-24 (Yahoo Finance query1 (live spark + chart; snapshot fallback)) is used only if Yahoo is unreachable. Technicals (SMA, RSI, MACD, Bollinger) recompute on the patched last bar. Delayed feed — not cleared for trading systems.

What is not here

  • Live OCC options flow, IV rank, gamma, borrow fees.
  • Form 4 / STOCK Act / 13F parsers.
  • USAspending / SAM.gov crawl (contracts are hand-sourced).
  • Buy / sell / hold ratings.

Thesis assumptions that can break

  • SRR or LIDS recompete / cancellation.
  • Evidence that reported backlog is unfunded, cancelled, or concentrated in a single export customer.
  • A U.S. policy reversal reopening DJI-class systems for federal use.
  • Sustained ATM issuance that outruns revenue growth (ONDS, UMAC, RCAT).
  • A prime offering a cheap interceptor that prices Coyote / VAMPIRE / Iron Drone out of the stack.