AeroVironment's $4B revenue target is the real tell for defense drone consolidation. While the industry obsesses over consumer regulations and AI hype in humanitarian ops, what actually matters is that established defense contractors are betting massive growth on military drone demand—and they're right to. The firmware updates (Betaflight, iNav, PX4) tick along as expected for the hobbyist/racing/indie-build communities, but they're working in the shadow of a market where the serious money flows to companies with gov contracts and scale. Watch whether AeroVironment actually hits that doubling target; if they do, expect aggressive M&A from Boeing/Lockheed in the next 18 months, which would reshape the entire ecosystem.