3 Aerospace Stocks to Buy Before the Market Recovers
The aerospace industry is in recovery mode, and the latest earnings report from Delta Air Lines (NYSE: DAL) helps confirm it. Despite significant ongoing challenges (high fuel costs, labor shortages, and a possible economic slowdown), Delta's management remains in an optimistic mode.
Moreover, management's commentary on the earnings call suggests aerospace-giant Raytheon Technologies (NYSE: RTX), pilot training and simulator company CAE (NYSE: CAE), and advanced composite company Hexcel (NYSE: HXL) have favorable end-market conditions. Here's why.
First, a recap of what makes these three stocks attractive and the critical questions around the investment cases for the stocks. Raytheon Technologies is a $141 billion market cap behemoth in the aerospace and defense industry. Management aims to reach $10 billion in free cash flow (FCF) by 2025. It plans to get there through solid growth in its defense business and a robust recovery in its aerospace business.
Source Fool.com
