Tuesday , 19 September 2017


Proposed $54 Billion Defense Spending Hike By U.S. Could Send These Defense Stocks Soaring

Donald Trump recently proposed a $54 billion defense-spending hike in an effort to protect U.S. citizens from increasing global threats and to combat ISIS. That could send the following defense stocks soaring.

The comments above & below are edited ([ ]) and abridged (…) excerpts from the original article written by SmallCapPower.com

1. FLYHT Aerospace Solutions Ltd. (TSXV: FLY)
Aerospace & Defense

 

FLYHT Aerospace Solutions Ltd. is a Canada-based designer and developer of products and software for, and a service provider to, the aerospace industry.

  • It supports aviation customers in different sectors, including commercial, business, leasing and military operators.
  • It provides aircraft intelligence and cockpit communications for the aerospace industry.
  • Its tools deliver on-demand data and voice communication between the aircraft and operations groups on the ground.
  • Its technology, the Automated Flight Information Reporting System (AFIRS), operates on multiple aircraft types and provides functions, such as safety services voice and text messaging, data collection and transmission, as well as on-demand streaming of flight data recorder (black box), engine and airframe data.
    • Market Cap: $46,376,545
    • Total Revenue (LTM): $14,331,190
    • Debt to equity: 58.0%
    • YTD Price Change: 2.2%

2. Firan Technology Group Corp (TSX: FTG)
Aerospace & Defense

 

Firan Technology Group Corporation (FTG) is a supplier of aerospace and defense electronic products and subsystems.

  • The FTG Circuits segment of the company is a manufacturer of technology printed circuit boards with customers in aviation, defense and other technology industries.
  • The FTG Aerospace segment designs and manufactures illuminated cockpit panels, keyboards, bezels, subassemblies and assemblies for original equipment manufacturers of avionics products, as well as for airframe manufacturers.
    • Market Cap: $96,976,131
    • Total Revenue (LTM): $87,114,000
    • Debt to equity: 38.7%
    • YTD Price Change: 11.7%

3. Heroux Devtek Inc. (TSX: HRX)
Aerospace & Defense

 

Heroux Devtek Inc. is a Canada-based company engaged in:

  • the design, development, manufacture, repair and overhaul of landing gear and actuation systems and components for the aerospace market…
  • and provides parts and services for military aircraft in the United States and Europe.
    • Market Cap: $460,614,545
    • Total Revenue (LTM): $406,812,000
    • Debt to equity: 44.2%
    • YTD Price Change: -13.3%

4. Magellan Aerospace Corp. (TSX: MAL)
Aerospace & Defense

 

Magellan Aerospace Corporation is a Canada-based supplier of… aeroengine and aerostructure components for aerospace markets, including products for defense and space markets, and complementary specialty products.

  • Its Aerospace segment includes the design, development, manufacture, repair and overhaul, and sale of systems and components for defense and commercial aviation.
  • The Power Generation Project segment includes the supply of gas turbine power generation units.
    • Market Cap: $1,225,881,561
    • Total Revenue (LTM): 1,003,843,000
    • Debt to equity: 25.1%
    • YTD Price Change: 17.1%

5. Norsat International Inc. (TSX: NII)
Aerospace & Defense

 

Norsat International Inc. is a provider of communication solutions used by government organizations, militaries, transportation, resource and marine industry companies, news organizations, public safety search and rescue operators, and others.

  • The Sinclair Technologies segment specializes in radio frequency (RF) antenna and filter products enabling the transmission of data, audio and video for remote applications.
  • The Satellite Communications segment provides over two categories of products: satellite terminals and microwave components.
    • Market Cap: $83,014,824
    • Total Revenue (LTM): $51,089,277
    • Debt to equity: 0.0%
    • YTD Price Change: 33.4%

Disclosure: Neither the author nor any of the principals at Small Cap Power, or their family members, own shares in any of the companies mentioned above.

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One comment

  1. This is a great example of how “proposed” government spending can directly affect prices of stocks in the related industry.

    The Aerospace & Defense industry stocks mentioned in this post could continue to move higher even after the news headline.

    A couple of other stocks in this industry that I like are Dow 30 components.

    Boeing Co (BA) which pays a 3% dividend yield.

    United Technologies (UTX) which pays a 2% dividend yield.

    Both of these 2 stocks are near all time highs which is very bullish.

    Keep up the great work!

    Cheers!