13 Best Defense Stocks to Buy According to Billionaires

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5. HEICO Corporation (NYSE:HEI)

Number of Billionaires: 14

Billionaire Holdings: $630,393,914

HEICO Corporation (NYSE:HEI) is an aerospace and technology company that manufactures jet engines and aircraft parts. It operates in two segments: Flight Support Group and Electronic Technologies Group.

The company also supports the government through activities such as reverse engineering, manufacturing aircraft engines and parts, and repair and maintenance services. It is considered an important player in the space industry as well and is credited for its role in supplying critical mission components to support India’s Chandrayaan-3 spacecraft, which landed on the Moon in 2023.

On February 26, HEICO Corporation (NYSE:HEI) announced strong results for the first quarter of fiscal 2025. It reported an all-time record quarterly net income of $168 million, up 46% year-over-year. Net sales were also up 15% from last year, while EBITDA registered a 22% increase compared to the same period in 2024.

Laurans A. Mendelson, HEICO Corporation (NYSE:HEI)’s Chairman and CEO, credited the robust performance during the quarter to double-digit organic growth within both business segments. The Flight Support Group experienced increased demand across product lines, while the Electronic Technologies Group saw a surge in demand for its defense, space and aerospace products.

HEICO Corporation (NYSE:HEI)’s share price has returned gains of 11% year-to-date. Wall Street analysts are bullish on the stock with a consensus Buy rating. According to Insider Monkey’s database for Q4 2024, 14 billionaires held a stake in the company.

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