Why This Top Aerospace Stock Is Poised to Fly Higher

TransDigm Group (NYSE: TDG) has long been among the top performers among aerospace and defense stocks, up more than 1,200% over the past decade. But the company entered its fiscal 2019 last fall with an unusual amount of uncertainty due to an ongoing government investigation and a large acquisition.

TransDigm's fiscal fourth-quarter results, announced Nov. 19, should go a long way toward putting those doubts to rest. The company easily surpassed analyst expectations and said the integration of its $4 billion Esterline Technologies deal is proceeding ahead of schedule.

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Source Fool.com