Why These Defense Stocks Are Declining This Week

6. CPI Aerostructures, Inc. (NYSEAMERICAN:CVU)

Weekly Decline: -6.85%

CPI Aerostructures, Inc. (NYSEAMERICAN:CVU) manufactures structural parts for fixed-wing aircraft and helicopters in the commercial and defense markets.

The stock has been declining since the end of January due to a general downturn in the aerospace and defense industry. Recent tariffs targeting steel and aluminum have further aggravated the situation for companies operating in the sector. CPI Aerostructures, Inc. (NYSEAMERICAN:CVU)’s shares have dropped 23% in the last month and fell by 6.85% over the past week. It is among the defense stocks that are declining this week.

CPI Aerostructures, Inc. (NYSEAMERICAN:CVU)’s financial performance has also lagged year-over-year. During the first nine months of 2024, the company generated a revenue of $59.3 million compared to $63 million in the corresponding period in 2023. Net income was also down from $2.4 million to $2.3 million.