Why These Defense Stocks Are Gaining This Week

8. Astronics Corporation (NASDAQ:ATRO)

Weekly Gains: 5.98%

Astronics Corporation (NASDAQ:ATRO) provides advanced technologies to global aerospace, defense, and electronics clients. Some of its offerings include lighting and safety systems, aircraft electronics integration, automated test systems, and distribution and motion systems, among other products and services.

The company’s shares have surged 32% over the past month after announcing robust financial results for the fourth quarter of FY24. Astronics Corporation (NASDAQ:ATRO)’s sales grew 6.8% year-over-year, while adjusted operating income expanded by 550 basis points. Adjusted EBITDA was posted at $31.5 million, representing 15.1% of sales. The positive margins are helping the company improve its cash from operations.

Astronics Corporation (NASDAQ:ATRO) was up by over 4% this Monday to cross the $26 per share mark and reach a 52-week high. It is among the defense stocks that are gaining this week, with returns of 5.98% during the period.