Why These Defense Stocks Are Gaining This Week

2. HEICO Corporation (NYSE:HEI)

Weekly Gains: 15.80%

HEICO Corporation (NYSE:HEI) is an aerospace and technology company that manufactures jet engines and aircraft parts. It also supports the government through activities such as reverse engineering, manufacturing aircraft engines and parts, and repair and maintenance services.

The stock has seen a 15.80% surge over the past week as strong results for the first quarter of fiscal 2025 impressed investors. HEICO Corporation (NYSE:HEI) reported a 46% year-over-year increase in net income to a record $168 million. Net sales also grew 15% from last year, while operating income was up 26%.

Wall Street analysts are bullish on HEICO Corporation (NYSE:HEI) with a consensus Buy rating. It is among the defense stocks that are gaining this week.