AeroVironment has a strategic partnership with Lockheed Martin (LMT), which is also involved in the production of drones, which includes the Stalker. Drones are just a small portion of Lockheed's business. The company trades at 18 times training earnings and has a forward price to earnings ratio of 16. The stock sports a yield of 3.0%.
Other companies involved in the drone business include Elbit Systems (ESLT), which makes the Hermes and Skylark families of UAVs, and Boeing (BA) which manufactures the hydrogen-powered Phantom Eye drone.
For a list of the publicly traded drone stocks, which includes information on the PE ratio, the forward PE ratio, and the connection to the drone business, go to WallStreetNewsNetwork.com. I hope that some of these stocks will make your portfolio fly high.
Disclosure: Author didn't own any of the above at the time the article was written.