As the name implies Aerospace and Defense industry works in two main markets. One is aerospace which is engaged in the production and sale of aircraft and the other one is the Defense segment which involved in fulfilling the military weapons needs. This industry has experienced a downfall in 2019 but it is doing pretty well in 2020 and will continue to do the best.
2020 is the year of change. Every business industry has experienced the impact of the COVID-19 pandemic and the Aerospace and Defense Industry also bear the hit. Aerospace is considered to be the most impacted business sector in the world because of the coronavirus pandemic. But the defense sector has seen an increase in demand for military equipment due to security threats. It is expected that rapid technological change will bring more innovations in this industry.
Following are the top best 10 companies in the Aerospace and Defense Industry you should add to your buying list:
Astrotech Corporation (NASDAQ: ASTC)
Astrotech Corporation (NASDAQ: ASTC) shares were trading up 58.58% at $2.68 at the time of writing on Wednesday. Astrotech Corporation (NASDAQ: ASTC) share price went from a low point around $0.98 to briefly over $7.75 in the past 52 weeks, though shares have since pulled back to $2.68. ASTC market cap has remained high, hitting $22.08M at the time of writing, giving it a price-to-sales ratio of more than 40.
Astrotech Corporation (ASTC) disclosed the pricing of a public offering of an aggregate of 7,826,086 shares of common stock, at a purchase price of $2.30 per share of common stock. If we look at the recent analyst rating ASTC, Chardan Capital Markets initiated coverage on ASTC shares with a Buy rating.
The Boeing Company (NYSE: BA)
The Boeing Company (NYSE: BA) stock drop by -2.02% to $163.86. The most recent rating by Alembic Global Advisors, on September 28, 2020, is at an Overweight. The Boeing Company (BA) has earlier disclosed the 2020 third-quarter deliveries. It has completed the delivery of a total of 28 Commercial Airplane Programs.
Spirit AeroSystems Holdings Inc. (NYSE: SPR)
Spirit AeroSystems Holdings Inc. (NYSE: SPR) shares headed falling, lower as much as -2.87%. The most recent rating by Wolfe Research, on September 24, 2020, is at an Outperform. Spirit AeroSystems Holdings Inc. (SPR) announced earlier that it is scheduled to report its 2020 third-quarter results on November 3, 2020.
Raytheon Technologies Corporation (NYSE: RTX)
Raytheon Technologies Corporation (NYSE: RTX) fall -1.45% after losing more than -$0.89 on Wednesday. Raytheon Technologies Corporation (RTX) unveiled that the StormBreaker smart weapon has been approved for use on the F-15E by the U.S. Air Force’s Air Combat Command. It has also revealed that its Board of Directors has declared a dividend of 47.5 cents per outstanding share of RTX common stock. The dividend will be payable on Dec. 17, 2020, to shareowners of record at the close of business on Nov. 13, 2020.
Lockheed Martin Corporation (NYSE: LMT)
Lockheed Martin Corporation (NYSE: LMT) last closed at $367.14, in a 52-week range of $266.11 to $442.53. TAG: OSIRIS-REx Spacecraft Successfully Touches Down on Asteroid. Analysts have a consensus price target of $435.95. Lockheed Martin Corporation (LMT) market capitalization has remained high, hitting $102.53 Billion at the time of writing.
Embraer S.A. (NYSE: ERJ)
Embraer S.A. (NYSE: ERJ) stock soar by 3.01% to $4.79. The most recent rating by Morgan Stanley, on August 11, 2020, is at an Underweight. Embraer S.A. (ERJ) has revealed that it has delivered a total of 28 jets in the third quarter of 2020, of which seven were commercial aircraft and 21 were executive jets including19 light and 2 large.
Hexcel Corporation (NYSE: HXL)
Hexcel Corporation (NYSE: HXL) fall -6.10% after losing more than -$2.08 on Wednesday. Hexcel Corporation (HXL) has earlier shared its third quarter 2020 results. The company has unveiled that its net sales have reached $286.9 million and has reported the adjusted diluted EPS of $0.29 per share.
General Dynamics Corporation (NYSE: GD)
General Dynamics Corporation (NYSE: GD) last closed at $136.61, in a 52-week range of $100.55 to $190.08. Analysts have a consensus price target of $167.05. General Dynamics Corporation (GD) has revealed that it has been awarded a contract by the General Services Administration (GSA) Federal Systems Integration and Management Center (FEDSIM) to continue providing digital enterprise services for Special Operations Forces (SOF).
Virgin Galactic Holdings Inc. (NYSE: SPCE)
Virgin Galactic Holdings Inc. (NYSE: SPCE) last closed at $20.44, in a 52-week range of $6.90 to $42.49. Analysts have a consensus price target of $26.38. Virgin Galactic Holdings Inc. (SPCE) has moved up 196.23% from its 52-weeks low and moved down -51.89% from its 52-weeks high. Looking at its liquidity, it has a current ratio of 4.61 billion at the time of writing.
Smith & Wesson Brands Inc. (NASDAQ: SWBI)
Smith & Wesson Brands Inc. (NASDAQ: SWBI) shares headed falling, lower as much as -4.02%. The most recent rating by Aegis Capital, on September 24, 2020, is at a Buy. Smith & Wesson Brands Inc. (SWBI) share price went from a low point around $4.24 to briefly over $22.40 in the past 52 weeks, though shares have since pulled back to $16.47. SWBI market cap has remained high, hitting $925.94 million at the time of writing.
