Lots of Positive Headlines This Week for Defense Stocks, but Valuations Looking a Bit Stretched
There should be plenty of positive headlines for defense stocks this week ahead of President Trump’s defense budget release on May 23 and following the president's visit to Saudi Arabia, which featured $110 billion of defense deals for U.S. contractors. However, our defense coverage looks fully valued at an average price to fair value of 1.03 and an average forward EV/EBITDA of 11.5 times, well above the sector’s historical average of roughly 8.0 times. That said, we like narrow moat Raytheon fr...The Boeing is an aerospace firm. The company's segments include: Commercial Airplanes, which develops, produces and markets commercial jet aircraft and provides fleet support services, mainly to the commercial airline industry; Defense, Space and Security, which engages in the research, development, production and modification of manned and unmanned military aircraft and weapons systems for strike, surveillance and mobility, vertical lift, and commercial derivative aircraft; Global Services, which provides supply chain and logistics management, pilot and maintenance training systems and services, and data analytics and digital services; and Boeing Capital, which manages overall financing exposure.
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