3 Aerospace Stocks You Can Buy and Hold for the Next Decade
It's no secret that the aerospace sector took a severe hit due to the COVID-19 pandemic. Moreover, many travel sector experts don't expect flight departures will recover to their 2019 levels until 2024.
However, instead of worrying about where the aerospace industry has been during the last couple of years, investors would be better served to focus on the multiyear recovery ahead. In that context, aviation-heavy conglomerate General Electric (NYSE: GE), advanced composites supplier Hexcel (NYSE: HXL), and simulator and pilot training company CAE (NYSE: CAE) all look like attractive stocks to buy now.
GE Aviation is GE's most important business and its most significant earnings and cash-flow generator. Either directly or as part of its joint venture with Safran, CFM International, the business is responsible manufacturing for the engines that power around two-thirds of global flight departures. As such, GE Aviation will have to be the cornerstone of GE's recovery story as management tries to return the conglomerate to generating high-single-digit free cash flow (FCF) margins and at least $7 billion of FCF by 2023.
Source Fool.com
