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Barchart
Barchart
Pathikrit Bose

This Company Promises to Shoot Down Drones with Lasers. Is Its Stock a Buy Here?

As the conflict in the Middle East shows few signs of abating, it seems that a prolonged battle of attrition is in the cards between the two fronts, with the U.S. and Israel at odds with Iran. While the bombings have continued with missiles, drones have also taken center stage as an efficient and cost-effective method of inflicting damage.

Particularly, Iran has widely adopted drone technology in its combat strategy. With Iran's Shahed drones built at an estimated cost as low as $20,000 per unit, the U.S. and its allies are having to spend multiple times more just to shoot them down. However, one defense company seems to have found a cheaper solution to the problem.

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