Top 10 Growing Aerospace and Defense Stocks For Trump’s Presidency

6. HEICO Corporation (NYSE:HEI)

HEICO Corporation is a manufacturer, designer, and supplier of defense, aerospace, and electronic products and services. The company operates through Electronic Technologies Group (ETG) and Flight Support Group (FSG) segments. The stock is up over 11% this year.

HEICO’s bull thesis revolves around its two main segments ETG and FSG. The FSG segment brings in 66% of the total revenue. This part of the business provides aftermarket replacement parts which continue to be in demand thanks to the booming air travel industry.

HEICO offers aftermarket parts at a significant 30%-40% discount compared to competitors, so this part of the business is expected to capitalize on the booming air travel demand.

The other segment, ETG, makes components for defense, industrial, and aerospace applications. As nations continue to see defense as a critical piece of their existence, the company is set to reap the rewards, especially because contracts in this segment are usually long-term commitments that ensure a healthy cash flow and revenue.

With both these segments set to soar during Trump’s presidency, HEICO’s growth runway is as strong as it can get.