Why These Defense Stocks Are Gaining This Week

6. HEICO Corporation (NYSE:HEI)

Weekly Gains: 1.74%

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

The stock has had year-to-date returns of nearly 12% as of the close of business on March 28, driven by industry tailwinds in commercial aviation. The company’s financial position also remains strong. During its recent Q1 FY25 earnings call, HEICO Corporation (NYSE:HEI) reported a record quarterly net income of $168 million, up 46% year-over-year. Net sales were also up 15% from last year.

With returns of 1.74% since March 24, HEICO Corporation (NYSE:HEI) is among the defense stocks gaining this week.