2 Red-Hot Stock Picks for Aerospace Investors
Commercial air traffic is coming back, but it's only likely to be in 2023 that global flight departures reach 2019 levels. You can read that statement in two ways. The glass-half-empty view is that the industry has taken a severe hit, while the glass-half-full approach sees it as an industry on the cusp of multi-year growth. I prefer to take the latter view -- and with that in mind, here's a look at why aerospace giant Raytheon Technologies (NYSE: RTX) and flight simulator and training company CAE (NYSE: CAE) are worth a look for aerospace investors.
The company was created out of a merger between the defense-heavy Raytheon Company and aerospace businesses Pratt & Whitney and Collins Aerospace of the former United Technologies. Unfortunately, the merger took place at the worst possible moment in the COVID-19 pandemic (April 2020). Investors in Raytheon Company must have worried about what they had gotten into by merging with their commercial-aerospace-focused partner.
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Source Fool.com
