Image Credit- Google
The stock is down roughly 7% YTD, as the defense industry has largely underperformed the broader market. However, Q4 2023 might be the turning point for the company after reporting its Q3 2023
Image Credit- Google
NOC) is an aerospace and defense company based in the United States. They are one of the world’s largest weapons manufacturers, operating in the U.S., the Middle East, and Asia Pacific.
Image Credit- Google
The company manufactures Gulfstream business jets, Abram tanks, Stryker fighter jets, submarines, and light tactical vehicles.
Image Credit- Google
RTX Corporation (NYSE:RTX) is a U.S.-based multinational aerospace and defense company. They largely manufacture aircraft engines, missile defense systems, satellites, and drones.
Image Credit- Google
The company has been involved in artificial intelligence well before it became a hot topic. Palantir is known for its three platforms Gotham, Apollo, and Foundry.
Image Credit- Google
Over the last decade, Heico has delivered robust sales and EPS growth. Revenue for the FY 2022 grew to $2.20 billion, up 18% YOY.
Image Credit- Google
They are a U.S. defense contractor that delivers a wide range of products and services for national security. The company’s P/E of 18.12 is attractive when compared to the industry average of 24.3.