Traditional companies in the space like French defense electronics maker Thales (no. 22; up from no. 224 in 2025) and Italian defense and aerospace company Leonardo (no. 25; up from a no. 126 in 2025) are seeing uptick in orders. At the same time, “non-traditional players are entering into the field, especially as suppliers,” Lavandier says. “In particular, a number of automotive players have entered into the fray…sometimes even selling plants, making capacity available.” Thales, for example, recently announced a sovereign drone partnership with French carmaker Renault (no. 42). A number of new startups are also taking this opportunity to…
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