Steve K. got us thinking about drones when he sent an email with three videos, one riveting, one marvelous, and one “downright scary,” all of them about drones. We decided to explore further. We note that we are overweight aerospace and defense in our US ETF portfolios. As you will see, drones are an increasingly used military defense item.
In the first video Steve sent, we watch firefighting drones built by Guofei General Aviation Equipment Manufacturing extinguish, within fifteen minutes, a towering blaze in Chongqing city, China. See “China's firefighting drones: Unmanned aircraft can extinguish a blazing 10-storey building within minutes,”
https://www.dailymail.co.uk/news/article-8180019/Chinas-firefighting-drones-extinguish-blazing-10-storey-building-minutes.html. It’s remarkable footage.
