Aerospace & Defense

Commercial Aerospace and Defense

Commercial Aerospace exposures relate primarily to large commercial, regional, business and general aviation aircraft original equipment manufacturers and their respective supply chains as well as to replacement parts and maintenance, repair and overhaul services in support of the active aircraft fleet. Primary long-term business drivers include global economic growth, liberalization of international air travel restrictions and technological innovations, but other factors such as oil prices, geopolitical conflict concerns, epidemics and threat of terrorism can also have significant shorter-term impacts. 

Defense products are not limited to military ships, aircraft and weapons systems but also include items such as radar systems, satellites, launch vehicles, communications, and command and control networks. Defense contractors also provide services such as outsourcing and information technology services to military and civilian government customers. Primary factors affecting business trends include the U.S. government defense budget, as well as budgets of other U.S. government agencies, allied foreign government defense spending levels, U.S. government export restrictions and technological innovation.

Managing Director:
Eric Hugel: Bio

Companies

AAR CORP.B/E AerospaceCurtiss-Wright Corp.
Esterline Technologies Corp.General DynamicsGoodrich Corp.
HEICO CorporationHexcel Corp.Lockheed Martin Corp.
Moog Inc.Northrop Grumman Corp.Precision Castparts Corp.
Spirit AeroSystems Holdings, Inc.TransDigm Group Inc.Triumph Group, Inc.
January Comm'l Aftermarket Growth Index Update: Powering Through a Stall? (01/10/2012)
December Comm'l Aftermarket Growth Index Update; Sky Appearing a Bit Brighter (12/12/2011)
November Comm'l Aftermarket Growth Index Update; Cautionary Signals Persist (11/10/2011)
October Comm'l Aftermarket Growth Indices; Getting Incrementally More Cautious (10/11/2011)
September Comm'l Aftermarket Growth Indices; Caution Signals Ahead (09/14/2011)
Aerospace Field Trip (08/09/2011)
August Comm'l Aftermarket Growth Indices; Fundamentals Solid, Multiples at Risk (08/09/2011)
July Comm'l Aftermarket Growth Indices; Fundamentals Solid, Multiples at Risk (07/11/2011)
June Comm'l Aftermarket Growth Indices; Multiples at Risk, Fundamentals Solid (06/10/2011)
Stephens May '11 Commercial Aftermarket Growth Index Update (05/09/2011)
Stephens April '11 Commercial Aftermarket Growth Index Update (04/11/2011)
Aerospace Field Trip (03/18/2011)
Stephens March '11 Commercial Aftermarket Growth Index Update (03/07/2011)
Stephens February '11 Commercial Aftermarket Growth Index Update (02/10/2011)
Stephens January '11 Commercial Aftermarket Growth Index Update (01/07/2011)
Stephens December '10 Commercial Aftermarket Growth Index Update (12/06/2010)
Stephens November '10 Commercial Aftermarket Growth Index Update (11/05/2010)
Stephens October '10 Commercial Aftermarket Growth Index Update (10/07/2010)
Stephens September '10 Commercial Aftermarket Growth Index Update (09/10/2010)
Stephens August '10 Commercial Aftermarket Growth Index Update (08/09/2010)
Stephens July '10 Commercial Aftermarket Growth Index Update (07/08/2010)
Aerospace Valuation 6-09-10 (06/10/2010)
Stephens June '10 Commercial Aftermarket Growth Index Update (06/08/2010)
Aerospace Valuation 5-11-10 (05/11/2010)
Stephens May '10 Commercial Aftermarket Growth Index Update (05/10/2010)
Aerospace Valuation 5-4-10 (05/04/2010)
Stephens April '10 Commercial Aftermarket Growth Index Update (04/12/2010)
Aerospace Valuation 4-8-10 (04/08/2010)
Aerospace Valuation 3-19-10 (03/19/2010)
Philly Aerospace Outing to PCP and TGI (03/10/2010)
Stephens March '10 Commercial Aftermarket Growth Index Update (03/08/2010)
Aerospace Valuation 3-01-10 (03/01/2010)
Aerospace Valuation 2-19-10 (02/19/2010)
Stephens February '10 Commercial Aftermarket Growth Index Update (02/16/2010)
Aerospace Valuation 1-12-10 (01/12/2010)
Stephens January '10 Commercial Aftermarket Growth Index Update (01/07/2010)