Why These Defense Stocks Are Gaining This Week

8. StandardAero, Inc. (NYSE:SARO)

Weekly Gains: 9.85%

StandardAero, Inc. (NYSE:SARO) provides aerospace engine aftermarket services for the commercial, military, and business aviation end markets. It is among the defense stocks that are gaining this week.

On March 10, the company announced strong financial results for fiscal 2024. It reported a full-year revenue of $5,237.2 million, up 14.8% year-over-year. StandardAero, Inc. (NYSE:SARO)’s net income for the year stood at $11 million, improving substantially from a net loss of $35.1 million in 2023. The company’s adjusted EBITDA increased 23.1% from the prior year to $690.5 million.

StandardAero, Inc. (NYSE:SARO) also shared its guidance for fiscal 2025. It expects to deliver double-digit growth on both the top line and the bottom line during the year. Since the announcement, the stock had surged by 9.85% as of the close of the day on March 17.