Aerospace Sector

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>>> TransDigm (TDG)

https://finance.yahoo.com/news/1-safe-steady-stock-long-043735341.html

Rolling One-Year Beta: 0.93

Supplying parts for nearly all aircraft currently in service, TransDigm (NYSE:TDG) develops and manufactures components and systems for military and commercial aviation.

Why Are We Bullish on TDG?

Core business can prosper without any help from acquisitions as its organic revenue growth averaged 14.8% over the past two years

Performance over the past two years shows its incremental sales were extremely profitable, as its annual earnings per share growth of 30.8% outpaced its revenue gains

TDG is a free cash flow machine with the flexibility to invest in growth initiatives or return capital to shareholders, and its rising cash conversion increases its margin of safety

TransDigm is trading at $1,523 per share, or 37.9x forward P/E.

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World's First Autonomous Flying Taxi Drone | The EHang 216 -

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>>> The Plane and the Bomb That Could Draw America Into a War With Iran


Newsweek

Jun 17, 2025


https://www.newsweek.com/iran-us-donald-trump-bunker-buster-b2-spirit-bomber-gbu57b-2086485


Located deep below a mountain, Iran's Fordow nuclear site was always going to be a tough target for Israel.

Israeli weapons would struggle to reach it—but the U.S.'s arsenal can. American B-2 Spirit bombers, equipped with one of the world's heaviest non-nuclear bombs, are thought to be the only aircraft-and-bomb pairing able to destroy a target like the nuclear plant at Fordow.

The 30,000 pound GBU-57/B bunker buster, also known as the Massive Ordinance Penetrator (MOP), would very likely be the weapon of choice if President Donald Trump gave the green light to U.S. involvement in Israel's strikes on Iran's nuclear program.

So far, the White House has signaled a reluctance to wade into the fighting in the Middle East, now entering its fifth day.

The U.S. administration appears to be "keeping its options open" as of early morning on the east coast, Michael Oren, former Israeli ambassador to the U.S., told Newsweek.

But Israeli sources say the mood in the country has changed overnight. It seems "more and more tangible" that the U.S. could become involved in targeting Iran's nuclear sites, said Shuki Friedman, director-general at the Jewish People Policy Institute, an Israeli think tank.

Israel early on Friday local time launched "preemptive" strikes on Iran's nuclear program, its ballistic missile sites and other military facilities. Israel has continued to strike across the country as Iran targeted Israel with drones and missiles, some of which evaded Israel's extensive air defenses.

"It's possible we could get involved," Trump told ABC on Sunday. "But we are not at this moment involved."

What Has Trump Done So Far?

To embroil the U.S. in the conflict would be a significant step. Trump has warned Iran—which has cast the U.S. as already involved—that Tehran would face "the full strength and might" of the U.S. military on "levels you've never seen before" if Iran attacked the U.S. in any way.

Trump left the G7 summit in Canada on Monday, but said his early departure from the major meeting was not related to a deal to stop the fighting between Iran and Israel.

French President Emmanuel Macron had told reporters there was an "offer" on the table for a ceasefire. Trump, referencing the comments on his Truth Social platform, called the French president "publicity seeking," adding: "He has no idea why I am now on my way to Washington, but it certainly has nothing to do with a Cease Fire."

"Much bigger than that," Trump added. In a later post, the president called for residents of Iran's capital to "immediately evacuate." Fordow is roughly 100 miles from Tehran.

Trump separately told reporters on Monday he wanted a "real end" to discussions over nuclear capabilities with Tehran, with the country "giving up entirely" on nuclear weapons, according to a CBS reporter.

"I didn't say I was looking for a ceasefire," Trump told the journalist.

Sean Parnell, the Pentagon's chief spokesperson, said U.S. forces had "not changed" their "defensive posture."

But everything is "in place" for a U.S. entry into the Israeli strike campaign, Friedman told Newsweek.

The U.S. is moving its USS Nimitz aircraft carrier toward the Middle East, and Israel's air force has worked hard to wipe out Iranian air defenses that could threaten both its advanced aircraft and, theoretically, U.S. bombers.

Israel targeted part of a Russian-made S-300 air defense system around the central Iranian city of Isfahan in April. Wider attacks in October then destroyed the remaining S-300s at Iran's disposal, Israel said.

This left Iran "vulnerable" to additional strikes and to Israeli F-35s, said Daniel Shapiro, a former U.S. ambassador to Israel now at the Atlantic Council. It will be unable to replace these losses in the short-term, he told Newsweek on Monday.

Israel also targeted air defenses in Syria at the end of 2024 after the country's regime, led by former leader Bashar al-Assad, collapsed.

What Are the B-2 and the MOP?

Israel has an advanced air force, kitted out with fifth-generation F-35i stealth fighters that targeted many of Iran's air defenses, plus the F-15 and F-16 jets that then swooped in with bombs and missiles.

But it does not have any bombers capable of ferrying the likes of the GBU-57/B. The B-2 is the only aircraft cleared to carry the bunker buster in combat, although the B-52 has tested the MOP.

The distinctively designed and stealthy B-2 Spirit has a crew of two and is able to launch conventional or nuclear weapons. The U.S. Air Force has 19 operational B-2A aircraft, according to the U.K.-based International Institute for Strategic Studies (IISS), which publishes annual counts of the world's armed forces.

The B-2 was designed to skirt the Soviet Union's air defenses and deliver nuclear strikes, said William Alberque, a visiting fellow at the Henry L. Stimson Center and a former director of NATO's Arms Control, Disarmament and WMD Non-Proliferation Center.

The stealth bombers, able to cover enormous distances without stopping to refuel, were adapted to carry large conventional bombs, he told Newsweek.

The MOP is a descent of the weapon nicknamed the "mother of all bombs" in the Iraq war era, Alberque said, but was upgraded to be smaller and able to penetrate further into hardened targets.

Israel, without the B-2 and the MOP, could still strike Fordow, analysts say. But it would take a huge amount of Israel's much smaller bombs, across many, many strikes, to hit deep into Fordow, and could expose aircraft targeting the nuclear site to Iran's remaining air defenses and mobile equipment.

Even the American B-2 would need to strike Fordow more than once to collapse more than the entrance and damage the centrifuge hall, Alberque said.

But without knocking out Fordow, Alberque said, Israel cannot credibly say it has destroyed Iran's ability to build a nuclear bomb. It is also not clear, at least in the public domain, how much of Iran's highly enriched uranium remains and how many centrifuges the regime actually has.

Damage to Iran's Nuclear Sites

Experts say there is no visible damage at Fordow since Israel started its strike campaign last week.

The United Nations' nuclear watchdog assessed on Monday that Israel had "severely damaged if not destroyed" centrifuges at the underground facility in Natanz, one of the three major nuclear sites in Iran. Centrifuges enrich uranium.

The below-ground centrifuges were not hit directly, but Israeli strikes caused power cuts and "completely destroyed" the above-ground Natanz site, Rafael Grossi, the chief of the International Atomic Energy Agency (IAEA) told the BBC.

In separate remarks, the IAEA chief said the watchdog had not seen any fresh damage to Natanz since Friday.

Satellite imagery published by Maxar on Monday showed vehicle tracks over the same areas where craters were visible the previous day. Four buildings were damaged at Isfahan, another major nuclear site in central Iran, Grossi said.

How Close Was Iran To a Nuclear Weapon?

The U.S. and Israel have repeatedly said it would be unacceptable for Iran to get hold of a nuclear weapon. "Simply stated, IRAN CAN NOT HAVE A NUCLEAR WEAPON," Trump said on Monday.

The IAEA has warned for months Iran was producing uranium enriched up to 60 percent.

The higher the percentage, the more efficient a nuclear weapon would be. Uranium enriched to 60 percent could theoretically be used for a nuclear weapon, albeit an inefficient one by most standards. Weapons-grade enriched uranium is considered to be 90 percent.

The IAEA said last week Iran was not cooperating with its nuclear obligations for the first time in 20 years. Tehran said it would get a new enrichment site in a "secure location" up and running.

Iran says its nuclear program is peaceful. But senior officials have publicly debated developing a nuclear weapon.

A 2015 agreement, known as the Joint Comprehensive Plan of Action (JCPOA), or simply as the Iran nuclear deal, relieved sanctions leveled against Iran in exchange for new limits on Tehran's nuclear program. Also, the powers involved at the time tried to limit weapons sales to and from Iran, as well as the country's ballistic missile development.

However, Iran has openly said it has abandoned parts of the JCPOA since Trump pulled the U.S. out of the deal during his first time in office.

Trump, since returning to the White House in January, has threatened to unleash "bombing the likes of which they have never seen" on Iran if it doesn't ink a deal to limit its nuclear program.

Iran says it will not enter discussions on a deal while under Israeli attack.

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>>> Air Taxi Stocks Archer Aviation and Joby Soar After Trump Executive Order


Investopedia

by Andrew Kessel

June 09, 2025


https://www.investopedia.com/air-taxi-stocks-archer-aviation-and-joby-soar-after-trump-executive-order-11750498


President Donald Trump's order calls for a pilot program for electric vertical takeoff and landing aircraft.

Key Takeaways

Shares of Archer Aviation and Joby Aviation jumped Monday, extending gains from Friday.

President Donald Trump signed an executive order creating a pilot program meant to accelerate the development of electric vertical takeoff and landing technology.

The policy is meant is to combat "unfair foreign competition [that] has posed a national security risk," the White House said.


President Donald Trump signed an executive order Friday aimed at “Unleashing American Drone Dominance,” and shares of unmanned aircraft manufactures are flying higher Monday.

Archer Aviation (ACHR) popped 8% in early trading Monday, while Joby Aviation (JOBY) jumped 10%, both extending gains from Friday. Space launch services firm Rocket Lab (RKLB) is up 11%.

The executive order establishes a pilot program to hasten the adoption of electric vertical takeoff and landing (eVTOL) technology, which companies such as Joby and Archer are utilizing for commercial air taxis and military aircraft, respectively. The policy is meant is to combat "unfair foreign competition [that] has posed a national security risk," according to a White House fact sheet.

The order also allows for increased testing of “beyond visual line of sight” drone operations, meaning unmanned aircraft could be flown beyond a range where supervisors can directly see them.

The development of air taxi technology has given rise to a new term: the low-altitude economy. Last week, Morgan Stanley estimated that the LAE could eventually “vastly exceed the size of today's automotive market” and named Tesla (TSLA) as a potential company to watch in the sector. Tesla hasn’t announced any intention to develop eVTOLs, but CEO Elon Musk has discussed the need for a homegrown low-altitude economy in the U.S.

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20 COOLEST FLYING CARS

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Klein Vision AirCar -

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>>> Trump signs new executive orders intended to make flying cars a reality, slash flight times


Fox News

by Alec Schemmel

6-6-25


https://www.msn.com/en-us/news/politics/trump-signs-new-executive-orders-intended-to-make-flying-cars-a-reality-slash-flight-times/ar-AA1GeG2z?ocid=TobArticle


President Donald Trump signed three new executive orders on Friday aimed at accelerating American drone innovation and supersonic air travel, while also restoring security to American airspace.

The three orders will be critical to American safety and security, White House officials involved in the drafting of the orders indicated, particularly in light of major worldwide events coming to the United States in the next few years, such as the World Cup and the Olympics. In addition to bolstering safety and security, the new orders will also spur greater innovation in the aerospace and drone sectors, something White House officials said has been stifled in recent years as a result of burdensome regulations.

"Flying cars are not just for the Jetsons," Michael Kratsios, a lead tech policy adviser at the White House said. "Since the beginning of his first term, President Trump has recognized the incredible potential of drones to boost American productivity, create high-skilled jobs and meet national needs in areas like public safety, infrastructure, inspection, agriculture and more. But for too long, red tape has hindered homegrown drone innovation, restricting commercial drone use and burdening their development."

Kratsios said the same about supersonic aviation, noting that "Americans should be able to fly from New York to L.A. in under four hours."

Besides promoting innovation, the orders also seek to shore up American airspace sovereignty. This directive is aimed at not only addressing potentially criminal, or terror-related threats, but it also aims to increase penalties for and reduce the prevalence of drone misuse in American airspace.

"The President week one, wanted us to take this issue seriously because of the national fury over the events over New Jersey," Senior Director of Counterterrorism on Trump administration's National Security Council, Sebastian Gorka, said of the new executive orders signed Friday. "For far too many years we have not had a requisite, necessary federal response – not only to the dominance of non-U.S. platforms in this field, but also protecting sensitive sites, military sites, critical infrastructure, but also just sporting events, mass events."

White House officials who advised the president on these new executive orders said there will be more protection for critical infrastructure for sporting venues as a result of the new directives, including the upcoming FIFA World Cup. They will also enable "routine beyond visual line of sight commercial operations," such as drone deliveries, infrastructure maintenance and emergency response to incidents like wildfires.

The new executive orders aim to advance "routine beyond visual line of sight commercial operations," which includes long-range autonomous delieveries.

The orders will also reduce the United States' reliance on foreign countries for drone and other aviation technology, officials added.

"These executive orders will accelerate American innovation in drones, flying cars and supersonic aircraft and chart the future of America's skies for years to come," Kratsios said. "Our message is simple. American innovation belongs in American aerospace."

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>>> Musk Says SpaceX to Decommission Dragon Spacecraft


Bloomberg

by Loren Grush and Sana Pashankar

June 5, 2025


https://finance.yahoo.com/news/musk-says-spacex-decommission-dragon-202519405.html


(Bloomberg) -- Elon Musk said he was going to decommission SpaceX’s Dragon spacecraft that ferries cargo and people to the International Space Station for the US, escalating a days long spat between the billionaire and President Donald Trump.

SpaceX’s Dragon spacecraft is the company’s primary vehicle for sending astronauts and cargo to orbit. The company has billions of dollars in contracts with NASA to send the agency’s astronauts on periodic trips to and from the ISS, which helps the space agency to maintain an uninterrupted presence at the space station until its retirement by the end of 2030.

Musk’s pledge followed Trump’s threat to pull Musk’s governmental contracts, which was prompted by Musk’s near-incessant bashing of the president’s tax bill on X, his social media service.

It’s unclear what exactly Musk means by “decommissioning” Dragon. SpaceX also uses its Dragon spacecraft for commercial missions, separate from the ones it performs for NASA. The company has flown six private astronaut missions on Dragon, either to fly freely in orbit or visit the International Space Station.

SpaceX is slated to launch another private astronaut mission on Dragon as soon as June 10, in partnership with Axiom Space, sending four civilians to the ISS.

NASA will “continue to execute upon the President’s vision” and work with its industry partners, agency spokesperson Bethany Stevens said in a post on X.

An abrupt end to SpaceX’s Dragon would leave NASA in a significant bind regarding its space station program. The vehicle is the only operational US option for sending astronauts to the space station, though the agency does also rely on Russia’s Soyuz spacecraft to launch NASA astronauts periodically. It’s also one of the main options for keeping the space station stocked with food and supplies.

NASA potentially has another US option for sending crew to the space station in Boeing’s Starliner. However, the vehicle is still not certified for carrying astronauts, after suffering a botched test flight in 2024 that left two astronauts on the ISS for months longer than planned.

Because of engine issues with Starliner, NASA tasked SpaceX with bringing home the astronauts on a Dragon craft.

SpaceX is also under contract with NASA for creating a Dragon-like vehicle that will be responsible for guiding the ISS out of orbit. It’s unclear where those plans currently stand.

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How the Ukrainian drone attack happened -

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>>> Should You Buy Archer Aviation While It's Below $13.30?


Motley Fool

by Reuben Gregg Brewer

June 01, 2025


https://finance.yahoo.com/news/buy-archer-aviation-while-below-105200653.html


Archer Aviation (NYSE: ACHR) is a stock that only more aggressive investors will want to look at. That's because it is a start-up that doesn't generate any revenue or profits. And yet the opportunity ahead of this aviation business could be hugely exciting, with 2025 likely to be the year that Archer Aviation, literally, takes off.

Here's what you need to know -- and why $13.30 is an important number to think about.

What does Archer Aviation do?

Archer Aviation has created an electric vertical takeoff and landing (eVTOL) aircraft that it calls Midnight. It is a small, vertical lift plane meant to travel short distances. Effectively, the goal was to create what amounts to an air taxi, and Archer Aviation has achieved that goal. Only that's not the final hurdle, it was just the starting point.

The airline industry is highly regulated, given that plane crashes are high profile and usually deadly. Getting clearance from the FAA for a new plane is a multistep process that can take years. This is why Archer Aviation creating one functional eVTOL isn't enough. The goal is to produce up to 10 Midnight eVTOLs in 2025, with most of them set to be used for the approval process.

At the end of the first quarter of 2025, the company estimated that it was only 15% of the way through the FAA approval process. In other words, there's a long way to go before Archer Aviation's Midnight eVTOL is approved to fly in the United States. But that doesn't mean it can't fly elsewhere. And that is the big news that investors will want to watch in 2025.

Monitor the progress in Abu Dhabi

The most important goal for Archer Aviation in 2025 is likely to be carrying the first commercial customers on its Midnight eVTOL in Abu Dhabi. That is where it is currently working with a partner to set up an air taxi service. There are a number of steps to achieve before that happens, including building and delivering a Midnight eVTOL to the country. But this will be the first true test of Archer Aviation's business idea.

Given that Archer Aviation is, effectively, a story stock, the successful launch of an air taxi service will likely lead to a higher stock price. The 52-week high was $13.30 per share, and that could easily be eclipsed when Midnight eVTOLs start getting used to carry commercial customers. There's more than one reason for that.

Archer Aviation's goal is to both sell aircraft and run its own air taxi service. It has already set the foundation for running air taxis in the United States. It has FAA approval to operate as an airline and FAA approval to train pilots on how to use its aircraft. The company also has plans for air taxis in California and New York lined up so it can hit the ground running once it gets the FAA nod for domestic use of the Midnight eVTOL.

A successful outcome in Abu Dhabi would basically help to assure investors that Archer Aviation's longer-term plans are feasible. And it would provide a blueprint for the company to follow for its own ramp-up, smoothing the process of starting domestic air taxi services. That doesn't even consider the customer side, with every safe flight in Abu Dhabi likely increasing the chances that U.S. customers will feel comfortable taking a ride in a new type of aircraft.

Should you buy Archer Aviation?

The first question to ask here is whether a high-risk investment like Archer Aviation is right for your portfolio. No revenue, no earnings, and a still-untested product suggest that most will probably want to sit on the sidelines until a few more key milestones have been reached.

But more aggressive investors who buy now could be getting in before what is likely to be a very important turning point for Archer Aviation. It wouldn't be surprising to see the stock jump above its 52-week high of $13.30 per share on news of the first commercial flight in Abu Dhabi, which would be the first sign that the puzzle pieces are starting to come together.

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>>> Where Will Archer Aviation Be in 3 Years?


Motley Fool

by Courtney Carlsen

May 31, 2025


https://www.fool.com/investing/2025/05/31/where-will-archer-aviation-be-in-3-years/


Key Points

Archer Aviation is a leader in the emerging flying taxi industry, developing electric vertical takeoff and landing vehicles (eVTOLs).

The company has completed its manufacturing facility in Georgia and is working on deploying early fleets of its aircraft in the UAE.

Archer aims to expand its operations to major U.S. cities, leveraging existing helicopter infrastructure to facilitate quick travel to airports.


Flying taxis are poised to revolutionize urban travel, and Archer Aviation (ACHR) is at the forefront. Archer develops cutting-edge electric vertical takeoff and landing vehicles (eVTOLs), or flying taxis, and plans to launch its service in the United Arab Emirates as early as this year.

Archer is working toward certification in the U.S. and ramping up its manufacturing capabilities. It's also forming partnerships with cities and airlines to ensure that its flying taxi service takes flight. The technology is still in its early stages, and the next few years are crucial for its success. Here's what the next three years could have in store for Archer Aviation.

Archer Aviation is making good headway with its air taxi business. Last year, the company finished construction on its 400,000-square-foot manufacturing facility in Covington, Georgia, where it plans to build 10 of its Midnight aircraft this year.

With the help of Abu Dhabi Aviation, Archer plans to launch its air taxi service later this year in the United Arab Emirates. It also plans to deploy small fleets of its Midnight aircraft to early adopters, like the UAE, over the next 18 to 24 months.

Archer has secured design approval for its first hybrid heliport in the UAE. The General Civil Aviation Agency has approved the design to help transform the Abu Dhabi Cruise Terminal helipad into a hybrid heliport for helicopters and eVTOL aircraft. Once complete, this will be the first hybrid heliport available for early commercial and air taxi operations in Abu Dhabi.

Looking toward the future for Archer Aviation

Archer hopes that operations in the UAE are just the beginning. The company has its sights set on the U.S. market over the next few years. For example, the company wants to begin operations in New York City and released its vision for the air taxi service in April. In a partnership with United Airlines, Archer plans to enable passengers to travel from Manhattan to nearby airports in just five to 15 minutes using its Midnight aircraft.

"With its existing helicopter infrastructure, regulatory support and strong demand, New York could be one of the first markets for air taxis in the United States," Archer CEO Adam Goldstein said.

The company also aims to establish an air mobility network in Los Angeles with a similar goal: connecting customers to airports, thereby significantly reducing travel time. Archer's network would include vertiports at key locations such as Los Angeles International Airport (LAX), Orange County, Santa Monica, Hollywood Burbank, Long Beach, and Van Nuys.

Its goal is to begin operations in New York and Los Angeles, potentially as early as next year. Additionally, it has been selected as the official air taxi of the 2028 Los Angeles Summer Olympic and Paralympic Games. However, before commercial operations in the United States begin, the company must get its Type Certification from the Federal Aviation Administration.

In February, the FAA awarded Archer its Part 141 certificate, formally recognizing it as a regulated institution for pilot training. This is the third of four certificates the company has been waiting for from the FAA to launch operations. It is awaiting type certification for its Midnight aircraft, which will be the final certification before it can begin commercial operations in the U.S. It expects to get this certification sometime this year.

While it's still early on to make solid projections, analysts covering Archer Aviation project revenue and earnings per share to look like this over the next few years:

Metric
2025

2026

2027

2028

Revenue (in millions)

$17

$144

$437

$1,100

Earnings per share

($0.93)

($0.89)

($0.84)

($0.43)

Investors should closely monitor the following

In March, J.P. Morgan analyst Bill Peterson warned investors that commercialization is proving to take longer and be less lucrative than imagined. Peterson said he believed that 2025 was likely off the table, as the rollout in the UAE is proving to be different from what was expected.

However, Archer Aviation management told investors during its May earnings call that it remains on track to launch in the UAE later this year with plans to deliver a piloted Midnight aircraft to the region this summer. That said, if its launch is pushed back in the UAE or other key areas, it would impact the timing of its revenue.

For this reason, investors should closely monitor Archer's cash burn rate, particularly since it is still not generating any meaningful revenue. The good news is that Archer increased its cash balances by $196 million in the first quarter and has over $1 billion in liquidity.

Is Archer Aviation stock right for you?

Archer Aviation is a rising company in an emerging industry that is still in its early stages of development. There remains debate around how much the urban air mobility market may be worth. Not only that, but investors also face risks related to the timing of certifications, production, and the rollout of commercial operations.

The company is well capitalized today, so its cash runway isn't an immediate concern. However, a delayed timeline could extend its cash burn, which could weigh on the stock if it needs to continue raising capital.

Investing in Archer Aviation may not be suitable for all investors. It's pre-revenue, and its growth story is still in the early innings. If you buy the stock, treat your investment in Archer as a speculative growth play and only risk a portion of your portfolio that you are comfortable with on this high-risk and potentially high-reward stock.

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Parker Hannifin - >>> 2 Ultra-Safe Dividend Growth Stocks to Buy and Hold Forever


Motley Fool

by George Budwell

May 22, 2025


https://www.fool.com/investing/2025/05/22/2-ultra-safe-dividend-growth-stocks-to-buy-and-hol/


PG
Procter & Gamble Co

PH
Parker-Hannifin Corp


While tech giants dominate the headlines, dividend stocks have quietly driven a substantial share of long-term market returns. Their strength lies in compounding -- a force Albert Einstein famously dubbed "the eighth wonder of the world." When dividends are reinvested over decades, even modest yields can snowball into remarkable wealth as gains build upon gains.

In today's backdrop of persistent inflation and economic uncertainty, dividend growth stocks offer more than upside -- they deliver resilience. Companies with long histories of raising dividends often have stronger balance sheets, durable business models, and greater pricing power than non-dividend payers. These traits help reduce volatility during market downturns, when consistent cash flows matter most.

Two companies exemplify the best of this category. Procter & Gamble (NYSE: PG) has raised its dividend for 69 consecutive years, backed by a recession-resistant portfolio of household brands. Meanwhile, Parker-Hannifin (NYSE: PH), a diversified industrial leader, also sports a 69-year dividend growth streak while capitalizing on long-term trends in automation, aerospace, and clean energy.

Read on to find out more about these two top dividend growth stocks.

A household name with steady dividend growth

Procter & Gamble (NYSE: PG) remains a cornerstone in the consumer goods sector, sporting a diverse portfolio of iconic brands across beauty, healthcare, fabric care, and baby products. The stock currently offers a dividend yield of approximately 2.55%, which is nearly double the S&P 500 average of 1.27%. The company's dividend payout ratio stands at around 64%, indicating a balanced approach between rewarding shareholders and reinvesting in future growth. Notably, P&G has achieved 69 consecutive years of dividend increases, underscoring its commitment to delivering consistent returns to shareholders.

From a valuation standpoint, P&G's forward price-to-earnings (P/E) ratio is approximately 23.6, slightly above the S&P 500's forward P/E of 21.4. This premium reflects the company's robust brand equity and defensive business model. Despite recent challenges, including softened sales growth and market pressures in China, P&G continues to invest in product innovation and marketing, allocating about 13% of its sales to these areas to maintain brand relevance.

Looking ahead, P&G anticipates additional costs ranging from $1 billion to $1.5 billion in fiscal 2026 due to tariffs, representing approximately 3% of its cost of goods sold. To mitigate these impacts, the company is streamlining its stock-keeping units (SKUs), aiming to enhance operational efficiency and improve the consumer experience.

With its unparalleled brand portfolio, strategic investments in innovation, and disciplined capital allocation, P&G stock offers an attractive blend of reliability, modest growth, and resilience, making it a compelling choice for income-focused portfolios.

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An aerospace and industrial dividend powerhouse

Parker-Hannifin (NYSE: PH) has solidified its position as an exceptional dividend compounder within the industrial sector, sporting an impressive 69-year streak of consecutive annual dividend increases. While its current 1.06% yield might appear modest, the company's conservative 25.3% payout ratio provides substantial room for continued distribution growth. This disciplined approach to shareholder returns has enabled Parker-Hannifin to deliver a remarkable 10.9% annualized dividend growth rate over the past 10 years -- more than double the rate of many blue chip dividend payers.

The company's recent performance highlights its aerospace-driven growth strategy, with this segment delivering standout 11.7% organic growth and record 28.7% operating margins on an adjusted basis in fiscal Q3 2025. While Parker-Hannifin's diversified industrial segments have faced recent headwinds, with North American and international operations experiencing organic sales declines of 3.5% and 2.8% in the most recent quarter, respectively, the company has maintained exceptional operational efficiency, with record adjusted operating margins above 25% across both regions. This resilience during industrial softness demonstrates the effectiveness of Parker's "Win Strategy,™" focused on lean operations, product simplification, and supply chain optimization.

Looking ahead, Parker-Hannifin is exceptionally positioned to benefit from structural growth in commercial aerospace, where robust aftermarket demand provides recurring revenue streams and pricing power. The company's strategic focus on high-margin fluid power and motion control systems places it at the center of automation, electrification, and aerospace trends, with decades of runway ahead.

For income-focused investors, Parker-Hannifin stock offers a compelling combination of defensive industrial characteristics, aerospace growth exposure, double-digit dividend growth potential, and a management team with proven capital allocation expertise, making it an ideal cornerstone for building long-term wealth.

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>>> TransDigm Group Incorporated (TDG) to Acquire Servotronics, Inc. (SVT) in Newly Announced Merger Deal


Motley Fool

by Vardah Gill

May 19, 2025


https://finance.yahoo.com/news/transdigm-group-incorporated-tdg-acquire-010704911.html


TransDigm Group Incorporated (NYSE:TDG) and Servotronics, Inc. (NYSEAmerican:SVT) have announced a definitive agreement under which Servotronics will become an indirect wholly owned subsidiary of TransDigm.

TransDigm Group Incorporated (NYSE:TDG) is mainly known for designing and supplying a broad range of specialized aerospace components used in nearly all commercial and military aircraft. The company plans to acquire all outstanding shares of Servotronics through a tender offer of $38.50 per share in cash. This offer values the deal at around $110 million, including certain tax benefits, and represents a premium of roughly 274% over Servotronics’ closing share price on May 16, 2025.

Once the tender offer is completed, TransDigm Group Incorporated (NYSE:TDG) intends to finalize the acquisition through a merger at the same price for any remaining shares. The transaction will be financed using TransDigm’s existing cash reserves and does not depend on external financing. Servotronics, Inc. (NYSEAmerican:SVT)’s Board of Directors has unanimously approved the deal.

This acquisition aligns with TransDigm Group Incorporated (NYSE:TDG)’s strategy of acquiring proprietary aerospace businesses with strong aftermarket potential. Over the past few years, the Cleveland-based company has pursued this approach with acquisitions including DART Aerospace for $360 million in 2022, Calspan for $725 million and CPI’s electron device division for $1.4 billion in 2023, and Raptor Scientific for $655 million in 2024. TDG has surged by nearly 15% since the start of 2025.

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>>> Heico price target raised to $315 from $285 at RBC Capital


TipRanks

May 30, 2025


https://finance.yahoo.com/news/heico-price-target-raised-315-125514015.html


RBC Capital analyst Ken Herbert raised the firm’s price target on Heico (HEI) to $315 from $285 and keeps an Outperform rating on the shares. The company reported a “strong” Q2 with 11% organic growth rate while its Flight Support Group – FSG – segment showed particularly strong results in the quarter with organic growth of 14%, the analyst tells investors in a research note. The commentary on the FSG outlook was also notably bullish, and the risks associated with slower airline growth are not materializing, RBC added.

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Joby - >>> Toyota Becomes Top Shareholder in Air Taxi Maker Joby


Bloomberg

by Chester Dawson

May 28, 2025


https://finance.yahoo.com/news/toyota-sends-first-half-500-213815358.html


(Bloomberg) -- Toyota Motor Corp. has invested $250 million in Joby Aviation Inc., completing the first half of a previously announced $500 million commitment and becoming the air taxi maker’s largest shareholder.

The investment, originally expected to close in 2024, is part of Toyota’s pledge to boost its total funding in the Santa Cruz, California-based company to $894 million. The latest tranche raises Toyota’s stake to 15.3%, surpassing that of Joby Chief Executive Officer JoeBen Bevirt.

A US spokesman for Toyota confirmed the payment. Joby has said it expects the second tranche from Toyota to close later this year.

Joby shares surged 25% to $8.57 as of 9:33 a.m. Wednesday in New York, bringing the stock’s performance to a 3.7% gain so far this year.

Joby is among a handful of companies developing eVTOL aircraft — electric vertical takeoff and landing vehicles — that plan to fly customers on short commuter journeys via battery-powered air taxis.

“This milestone further cements the collaboration and alignment between our two companies,” Tetsuo “Ted” Ogawa, CEO of Toyota North America, said in a statement Tuesday.

Joby said recently it now aims to start commercial services in Dubai by early 2026 after having previously targeted the end of this year. Certification for flight operations by the US Federal Aviation Administration and regulators in other countries is still pending.

Toyota began financing Joby in 2020, two years after its venture capital arm participated in a funding round.

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>>> Is HEICO Corporation (HEI) The Most Crowded Hedge Fund Stock That is Targeted by Short Sellers?


Insider Monkey

by Jabran Kundi

May 13, 2025


https://finance.yahoo.com/news/heico-corporation-hei-most-crowded-200509519.html


We recently published a list of 15 Most Crowded Hedge Fund Stocks That Are Targeted by Short Sellers. In this article, we are going to take a look at where HEICO Corporation (NYSE:HEI) stands against other most crowded hedge fund stocks that are targeted by short sellers.

Hedge funds piling into a stock is a signal of conviction. After all, if institutional investors are backing a company, there has to be a good reason for it, right?

Things get interesting when the same stock ends up with a high short interest. Where some investors back the company to become successful, others bet on its downfall. This contradiction is often eagerly tracked by investors, as it can potentially lead to explosive moves to either side.

Consider, for instance, a scenario where a stock with a high short interest and a high hedge fund holding starts going up. As everyone rushes to buy more of the already popular stock, short sellers rush to close their positions, triggering a strong bull rally.

We decided to shortlist stocks that were the most likely candidates for such a rally. To come up with our list of 15 most crowded hedge fund stocks that are targeted by short sellers, we only considered stocks with a market cap of at least $1 billion and a short interest of at least 3%. We then ranked these stocks by the number of hedge funds that have the stock in their portfolio.

HEICO Corporation (NYSE:HEI)
Number of Hedge Fund Holders: 67

Short Interest: 4.02%

HEICO Corporation (NYSE:HEI) is an aerospace and defense company. Its stock has outperformed the market so far this year, but a high short interest is keeping investors on edge. HEI trades at a PE of 65, above its 5-year average of 60.4. This high valuation is in part driving the short sellers’ confidence, though the hedge funds aren’t buying the stock without reason either.

HEICO Corporation (NYSE:HEI) is one of those stocks where the active management itself has a stake. The Mendelson family has been running the company for well over three decades and hasn’t done a bad job. Moreover, the stock incentives structure for employees means every employee feels a part of the company, preferring to take stock when given the opportunity.

It is the future growth that is keeping the valuation high in HEICO’s case. The company’s Flight Support Group has grown at a long-term average of 7% while other segments have shown even better growth in the recent past. Operating margins continue to go up, once again demonstrating the management’s abilities. So, what are the short sellers looking at in the stock?

HEICO Corporation (NYSE:HEI) has a solid business, and its growth rate is impressive. However, the October quarter last year failed to deliver the expected numbers and could well have raised some short-term concerns. The management pinned it on inventory destocking, and short sellers are possibly thinking the high valuation wasn’t justified. The stock fell considerably in the months after that earnings announcement, but has almost regained all the losses, mainly due to the proven strength of the business.

Overall, HEI ranks 14th on our list of most crowded hedge fund stocks that are targeted by short sellers.

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>>> HEICO Corporation (NYSE:HEI)

https://finance.yahoo.com/news/heico-corporation-hei-most-crowded-200509519.html

Number of Hedge Fund Holders: 67

Short Interest: 4.02%

HEICO Corporation (NYSE:HEI) is an aerospace and defense company. Its stock has outperformed the market so far this year, but a high short interest is keeping investors on edge. HEI trades at a PE of 65, above its 5-year average of 60.4. This high valuation is in part driving the short sellers’ confidence, though the hedge funds aren’t buying the stock without reason either.

HEICO Corporation (NYSE:HEI) is one of those stocks where the active management itself has a stake. The Mendelson family has been running the company for well over three decades and hasn’t done a bad job. Moreover, the stock incentives structure for employees means every employee feels a part of the company, preferring to take stock when given the opportunity.

It is the future growth that is keeping the valuation high in HEICO’s case. The company’s Flight Support Group has grown at a long-term average of 7% while other segments have shown even better growth in the recent past. Operating margins continue to go up, once again demonstrating the management’s abilities. So, what are the short sellers looking at in the stock?

HEICO Corporation (NYSE:HEI) has a solid business, and its growth rate is impressive. However, the October quarter last year failed to deliver the expected numbers and could well have raised some short-term concerns. The management pinned it on inventory destocking, and short sellers are possibly thinking the high valuation wasn’t justified. The stock fell considerably in the months after that earnings announcement, but has almost regained all the losses, mainly due to the proven strength of the business.

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>> EHang <<

It looks like the Chinese could be well ahead of the US in air-taxi development / rollout. Also check out their ultra modern cities, bullet trains, etc. The US now has a mega competitor, and the world has been steadily gravitating toward China / BRICS.

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>>> The Best eVTOL Stock to Invest $2,000 in Right Now


Motley Fool

by Leo Sun

Feb 2025


https://www.msn.com/en-us/money/companies/the-best-evtol-stock-to-invest-2-000-in-right-now/ar-AA1xJ0i4


Several developers of electric vertical take-off and landing (eVTOL) aircraft went public by merging with special purpose acquisition companies (SPACs) in 2021. At the time, many investors were dazzled by these companies' partnerships and rosy long-term expectations, even though they hadn't delivered any commercial aircraft yet.

The bulls believed these drone-like eVTOL aircraft would replace traditional helicopters because they were cheaper, greener, quieter, and easier to land in urban areas. The U.S. Air Force, major airlines, automakers, and ride-sharing companies all plan to use these aircraft as air taxis. From 2023 to 2030, Markets and Markets estimates the eVTOL market could expand at a stunning compound annual growth rate (CAGR) of 52%.

But today, all of those SPAC-backed eVTOL stocks trade far below their all-time highs. The market's enthusiasm fizzled out as these companies struggled with delays, missed their own delivery estimates, and racked up steep losses. Rising interest rates also curbed the market's appetite for speculative pre-revenue companies.

However, as the macro environment warms up and interest rates decline, investors might want to revisit the nascent eVTOL sector. I believe one of those leading stocks -- Archer Aviation (NYSE: ACHR) -- has the potential to turn a modest $2,000 investment into tens of thousands of dollars over the next decade.

What sets Archer Aviation apart from the competition?

Archer's Midnight eVTOL aircraft can travel up to 100 miles at 150 miles per hour on a single charge. It can carry a single pilot and four passengers. Joby Aviation (NYSE: JOBY) and EHang are developing similar eVTOL aircraft, but Archer has signed a wider range of deals than most of its industry peers.

In 2021, United Airlines placed a $1 billion order for 200 of its Midnight aircraft. In 2022, it put down a $10 million deposit for those first 100 aircraft. In 2023, automaker Stellantis made a big investment in Archer and selected it as the exclusive contract manufacturer for its own eVTOL aircraft.

Archer has also been working for the U.S. Department of Defense (DOD) since 2021, and it expanded that partnership with additional contracts worth up to $142 million in 2023. It delivered its first aircraft to the U.S. Air Force last August.

Last November, Soracle -- a new joint venture formed by Japan Airlines and Sumimoto -- placed a $500 million order for 100 Midnight aircraft.

All of these budding deals could help Archer Aviation outlast many of its smaller competitors.

But why is Archer the best eVTOL stock to buy?

Archer's closest competitor, Joby Aviation, is also making plenty of progress. It attracted big investments from Toyota and Delta, it holds a long-term contract with the DOD, and it delivered its first aircraft to the U.S. Air Force in September 2023. However, four things arguably make Archer a better buy than Joby.

First, Archer has a clearer roadmap for its long-term growth. It believes it can ramp up its annual production to 10 aircraft in 2025, 48 aircraft in 2026, 252 aircraft in 2027, and 650 aircraft in 2028. It also plans to establish dedicated eVTOL air taxi routes over the next few years. Joby hasn't provided such specific production targets yet.

Second, Archer is expected to grow at a faster rate than Joby. By 2026, analysts expect Archer and Joby to generate $185 million and $98 million in revenues, respectively. We should take those estimates with a grain of salt, but Archer's growing list of partnerships and its support from Stellantis -- which has already invested hundreds of millions of dollars into the company -- could help it achieve that growth trajectory.

Third, Archer looks cheaper than Joby. With an enterprise value of $3.5 billion, it's valued at 19 times its projected sales for 2026. Joby, which has an enterprise value of $5.9 billion, trades at a whopping 60 times its projected sales for 2026. It doesn't make much sense for the slower-growing company to be trading at a higher valuation.

Lastly, Archer's insiders are net buyers, and Joby's insiders are net sellers. Over the past 12 months, Archer's insiders bought 12 times as many shares as they sold, but Joby's insiders sold nearly twice as many shares as they bought. That warmer insider sentiment suggests that Archer has more upside potential than Joby.

Archer Aviation will likely remain a volatile stock over the next few years. But if it achieves its ambitious expansion plans, it could soar a lot higher over the next few years as fleets of eVTOL air taxis take to the skies.

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>>> Why Archer Aviation Stock Is Skyrocketing Today


by Johnny Rice

Motley Fool

May 13, 2025


https://finance.yahoo.com/news/why-archer-aviation-stock-skyrocketing-182733929.html


Key Points

Archer Aviation released its Q1 earnings, revealing a solid balance sheet.

The company is on track to launch in the UAE later this year.

Archer announced a partnership with the artificial intelligence (AI)-powered data analytics company Palantir.


Shares of Archer Aviation (NYSE: ACHR) are surging on Tuesday. The company's stock gained 22.7% as of 2:11 p.m. ET and was up as much as 26.7% earlier in the day. The jump comes as the S&P 500 gained 0.8% and the Nasdaq Composite rose 1.6%.

The company, which develops electric vertical takeoff and landing (eVTOL) aircraft, reported its Q1 2025 numbers and announced an exciting new partnership.

The company is pre-revenue, but it reported a reasonable net loss of $93.4 million for the quarter. With more than $1 billion in cash and equivalents on hand, the company has plenty of room to run and has one of the strongest balance sheets in the emerging industry.

Archer is on track to launch in the UAE later this year, a major milestone for the company as it begins to commercialize its business. The company also has customer commitments from established airlines and specific plans for a NYC air taxi network using its aircraft. CEO Adam Goldstein emphasized the company's momentum in his statement: "This quarter, the team made strong progress across our civil and defense efforts as we continue to deepen our strategic partner relationships and prepare for commercialization in the UAE later this year."

Palantir partnership

Archer also announced a "foundational partnership" with the AI-powered data analytics company Palantir Technologies to help it optimize its technology. This could give the company an edge over the competition, speeding up its development timelines and boosting efficiencies and its bottom line.

With a market capitalization of more than $6 billion, Archer is not cheap. However, I think there is a significant opportunity for the industry that will justify this over time. For risk-tolerant investors, Archer is a good choice, but expect some turbulence on the way up -- pun intended.

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>>> TransDigm Group Incorporated (TDG) designs, produces, and supplies aircraft components in the United States and internationally.

The Power & Control segment offers mechanical/electro-mechanical actuators and controls, ignition systems and engine technology, specialized pumps and valves, power conditioning devices, specialized AC/DC electric motors and generators, batteries and chargers, databus and power controls, sensor products, switches and relay panels, hoists, winches and lifting devices, delivery systems and electronic components, and cargo loading and handling systems. This segment serves engine and power system and subsystem suppliers, airlines, third party maintenance suppliers, military buying agencies, and repair depots.

The Airframe segment provides engineered latching and locking devices, engineered rods, engineered connectors and elastomer sealing solutions, cockpit security components and systems, cockpit displays, engineered audio, radio and antenna systems, lavatory components, seat belts and safety restraints, engineered and customized interior surfaces and related components, thermal protection and insulation products, lighting and control technology, parachutes, specialized flight, wind tunnel and jet engine testing services and equipment, and testing and instrumentation solutions. This segment serves airframe manufacturers, cabin system and subsystem suppliers, airlines, third party maintenance suppliers, military buying agencies, and repair depots.

The Non-aviation segment offers seat belts and safety restraints; mechanical/electromechanical actuators and controls; hydraulic/electromechanical actuators and fuel valves; refueling systems; and turbine controls. This segment serves off-road vehicle and subsystem suppliers, child restraint system suppliers, and satellite and space system suppliers; and manufacturers of heavy equipment.

TransDigm Group Incorporated was founded in 1993 and is based in Cleveland, Ohio.

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https://finance.yahoo.com/quote/TDG/profile/



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>>> Joby Aviation Inc (JOBY) Q1 2025 Earnings Call Highlights: Record Progress and Strategic ...


GuruFocus News

May 8, 2025


https://finance.yahoo.com/news/joby-aviation-inc-joby-q1-073817532.html


For the complete transcript of the earnings call, please refer to the full earnings call transcript.

Positive Points

Joby Aviation Inc (NYSE:JOBY) achieved record progress on certification, advancing 12% on the FAA side and reaching 62% completion on the Joby side.

The company successfully conducted pilot-on-board transition flights, marking a significant technological achievement in aerospace.

Joby Aviation Inc (NYSE:JOBY) announced a partnership with Virgin Atlantic to bring air taxi services to the UK, expanding its market presence.

The company is on track to start flight testing in Dubai and begin TIA flights with the FAA within 12 months.

Joby Aviation Inc (NYSE:JOBY) is expanding its manufacturing capabilities with a new facility in Marina, doubling its manufacturing footprint.

Negative Points

Joby Aviation Inc (NYSE:JOBY) reported a net loss of $82 million for Q1 2025, reflecting higher operating expenses.

The company faces challenges in scaling manufacturing and achieving mass production, which requires significant investment and time.

There are uncertainties and risks associated with the certification process, which could impact timelines and operations.

Joby Aviation Inc (NYSE:JOBY) needs to navigate complex regulatory environments in multiple countries for international expansion.

The company is operating in a nascent industry with evolving market dynamics, which could pose challenges in demand forecasting and strategic planning.

Q & A Highlights

Q: What is the timing for the full-scale aircraft with fully conforming parts, and when will they be ready? A: (CEO) All our aircraft, including the five from the pre-production line, are full-scale and have similar operating specifications. We are on track to have FAA-conforming aircraft in the air later this year, preparing for TIA flight testing. The progress in manufacturing and certification is promising.

Q: What is the expected timeline for the expanded manufacturing site in Marina and initial production in Dayton? A: (CEO) We are doubling the footprint in Marina, and the facility is ahead of schedule. The Ohio facility is progressing well, with retrofits and equipment installations underway. We expect parts to start coming out of this facility in the coming months.

Q: Can you elaborate on your flight test goals for this year, including expectations around flight testing in Dubai? A: (CEO) We have made significant progress with failure injection testing and pilot-on-board transition flights. We plan to send an aircraft to Dubai for hot weather testing and qualification for service launch. We are also preparing for TIA flights with the FAA and setting up a full-motion flight simulator for pilot training.

Q: What needs to happen from a testing perspective to transition from flying with a pilot on board to flying with passengers in the UAE? A: (CEO) The critical piece is the component and system-level testing of FAA-conforming test articles. Approved test plans allow us to build and test these articles, unlocking TIA flight testing. We are working with the GCAA to ensure comfort with the testing rigor before flying passengers.

Q: How are you balancing near-term cash flow, long-term margin, and market share priorities? A: (Executive Chairman) We have three paths to market: direct sales, partnerships, and direct consumer operations. Each has different economic characteristics, and we aim to preserve flexibility to allocate aircraft between these options. This flexibility allows us to adapt to market conditions and prioritize accordingly.

For the complete transcript of the earnings call, please refer to the full earnings call transcript.

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>>> Should You Buy Archer Aviation Before It Reaches This Huge Goal or After?


by Reuben Gregg Brewer

Motley Fool

May 4, 2025


https://finance.yahoo.com/news/buy-archer-aviation-reaches-huge-075500390.html


Key Points

Archer Aviation is attempting to build an air taxi business based on its vertical lift short-haul aircraft.

The company hopes to carry its first commercial passenger in 2025.

Buying before that first flight requires a glass-half-full point of view.


Archer Aviation (NYSE: ACHR) has big plans for 2025. The key goal is for the company's aircraft to carry its first commercial customer. It will be an important turning point for the business, which up until that event will have only been in the testing phase. Is it a good idea to buy Archer Aviation before it reaches this important goal, or should investors wait until after?

What does Archer Aviation do?

Archer Aviation is an upstart aerospace company trying to break into an industry that is capital-intensive, heavily regulated, and highly competitive. The company has achieved a great deal so far, in that it has taken a good idea and developed a factory that is producing aircraft. Sure, 2025 will only see around 10 of the company's Midnight aircraft built, but that shouldn't diminish the achievement, since production levels have to start somewhere.

What's interesting about Archer Aviation's Midnight aircraft is that they are small, vertical lift vehicles meant only to travel short distances. Essentially, they are air taxis. The hope is that Archer Aviation can set up services in and around large cities serving customers that want to fly over street-level congestion.

To that end, Archer Aviation is working toward getting FAA approval of its aircraft. It already has FAA approval to operate an airline and to operate a flight training school. All it needs is the aircraft, since it already has an agreement in place to start an air taxi service in California.

The big news in 2025 isn't happening in the United States

That's all great news, showing that Archer Aviation is putting the puzzle pieces together now so it can take off when the FAA approves its Midnight aircraft for operation in the U.S. market. But the United States isn't likely to be the first market in which Archer Aviation's aircraft are operating. The first market is likely to be Abu Dhabi.

This is where the company is currently working with a partner to set up an air taxi service. The service is likely to carry its first commercial customers in 2025. When that happens, Archer Aviation will have taken its business from a good idea all the way to a proven concept. Buying the stock today will get you in the door before that happens. There's a high likelihood that investors will take a more positive view of the stock once its Midnight aircraft is carrying commercial customers.

There's just one caveat, and it's a big one. Carrying commercial customers isn't really the end goal. It will be a big achievement, for sure, but it's only the start of the commercial test of the air taxi concept. Just because Archer Aviation builds an air taxi doesn't mean there will be enough customers who want to use it to make the company sustainably profitable. This is why more conservative investors might want to hold off on buying Archer Aviation.

To be fair, holding off may result in missed stock gains if the air taxi concept takes off. But it will save investors sleepless nights and protect against the risk that Archer Aviation is building a product that people don't really want. If Archer Aviation's air taxi service gains traction, there will likely be years of growth ahead to benefit from, even if you miss an early share price rally.

Archer Aviation is a high-risk investment

Archer Aviation has an interesting idea that still needs to be proven out in the real world. It has achieved a great deal so far, but there is still a long way to go before the business is sustainably profitable. Buying now, before the first air taxi service using Archer Aviation's aircraft is launched, is a high-risk move that requires a glass-half-full point of view. Waiting until there is proof of a sustainable business model is a more prudent decision that will be a better choice for most investors.

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>>> HEICO Corporation (HEI): A Bull Case Theory


Insider Monkey

by Ricardo Pillai

April 24, 2025


https://finance.yahoo.com/news/heico-corporation-hei-bull-case-132232800.html


We came across a bullish thesis on HEICO Corporation (HEI) on Substack by Bulls On Parade. In this article, we will summarize the bulls’ thesis on HEI. HEICO Corporation (HEI)'s share was trading at $242.70 as of April 23rd. HEI’s trailing and forward P/E were 59.93 and 57.14 respectively according to Yahoo Finance.

Heico Corporation (HEI) represents one of those rare investment gems that quietly compounds value over decades, eschewing flashy narratives for disciplined execution and relentless focus on niche dominance. Founded in 1957 in Hollywood, Florida, Heico started modestly as a maker of aerospace components. But it was in the 1990s, under the stewardship of the Mendelson family—Laurans, Larry, and Victor—that the company’s real transformation began. Laurans Mendelson, now Chairman, saw the potential to specialize in high-margin, low-competition aerospace and defense niches, laying the groundwork for what is now a $36 billion market cap powerhouse. Heico’s rise has been anything but meteoric; it’s the product of a slow, steady strategy built on consistency, operational excellence, and a laser focus on where it can be indispensable.

The company operates in two primary segments: the Flight Support Group (FSG), which designs and manufactures FAA-approved aftermarket aircraft parts, and the Electronic Technologies Group (ETG), which produces specialized electronics for aerospace, defense, and industrial applications. While FSG serves as the steady cash generator, giving airlines cost-effective, high-quality alternatives to OEM parts, ETG caters to defense contractors and government agencies with advanced, often mission-critical electronics. Heico’s strength lies in its ability to dominate carefully selected niches, where it can build long-term customer relationships and face limited competitive pressure. This niche-first strategy is supported by a robust acquisition engine—Heico has completed over 70 acquisitions since the '90s, all small, profitable businesses that slot seamlessly into its ecosystem without requiring massive integration overhauls. The approach is surgical, not scattershot, and the results speak for themselves.

What truly sets Heico apart, however, is its capital allocation. With a net debt-to-EBITDA ratio now down to 2.06x from 3.04x a year ago, the company demonstrates a prudent approach to leverage. Rather than indulging in aggressive debt-fueled expansion or flashy shareholder payouts, Heico channels its cash into expanding its core operations, funding R&D, and making disciplined, accretive acquisitions. It pays a token dividend—just $0.22 annually, yielding under 0.1%—but this is by design. The management team, led by the Mendelsons, prefers to reinvest excess capital to drive compounding returns over the long haul, and given their track record, it’s hard to argue with the approach.

Heico’s most recent earnings for Q1 fiscal 2025, ending January 31, underscored the strength of this strategy. Net income jumped 46% year-over-year to $168 million, or $1.20 per diluted share, while revenue climbed 8% to record levels. FSG was the standout, delivering 15% revenue growth and a 35% increase in operating income, driven by 12% organic growth and smart acquisitions. ETG, while facing temporary headwinds from inventory destocking, remains well-positioned with a strong backlog and pipeline. Importantly, operating cash flow remains robust, ensuring ample liquidity for continued M&A activity. Management has reiterated its bullish outlook, highlighting a healthy acquisition funnel and broad customer demand across both segments.

Of course, the one point that might give investors pause is valuation. With shares trading around $260, Heico commands a trailing P/E of 64 and a forward P/E of 55—premium territory by any measure. Analysts expect 13.4% annual EPS growth and 10.3% revenue growth over the next few years, and the stock's average price target of $270 suggests modest upside. Still, Heico’s PEG ratio of 3.32 reflects a quality premium more than speculative froth. For investors focused on long-term compounding and business quality, this valuation may be justified. The company’s nearly five-decade dividend history and consistent earnings expansion lend further credibility to its durability.

In essence, Heico isn’t trying to be the next big disruptor—it’s content being the steady performer, the business that just works. It’s not going to make headlines, but it will likely continue doing what it has always done: find defensible niches, dominate them quietly, allocate capital smartly, and let the results speak. In a market saturated with hype and volatility, Heico offers something rare—reliability, predictability, and patient compounding. For those willing to embrace the boring brilliance of a business built for the long haul, Heico might just be the kind of quiet giant worth owning.

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>>> Archer and Joby : Cantor Pounds the Table on These eVTOL Stocks


TipRanks

April 2, 2025


https://finance.yahoo.com/news/archer-joby-cantor-pounds-table-095858995.html


Commuter air travel has always been something of a pipe dream. While small airfields and heliports capable of operating light aircraft and helicopters do exist, and those aircraft can easily carry 2 to 6 passengers with luggage, the costs have generally kept short-hop aerial commuting out of reach for the masses. That is beginning to change with the advent of electric vertical take-off and landing aircraft (eVTOLs).

New breakthroughs in areas such as battery technology and lifespan, air traffic management technologies, and autonomous navigation are combining to make short-hop air taxis both more feasible and less expensive. Aviation tech firms are actively pursuing solutions for the field, developing innovative designs for air taxis and even launching pilot projects in carefully targeted markets.

The market for these aircraft is small, which is not surprising for a field in its early stages, but it reached $1.7 billion last year. according to Research and Markets, the eVTOL market is expected to grow to $1.91 billion this year and to keep growing – with a CAGR of 12.6% – to reach $3.47 billion in the next five years.

Covering this niche for Cantor Fitzgerald, analyst Andres Sheppard has an upbeat view of the industry. Pointing specifically at Archer (NYSE:ACHR) and Joby Aviation (NYSE:JOBY), he lays out a clear case for the bulls and encourages investors to buy in. Let’s take a closer look.

Archer Aviation

First on our list today is Archer Aviation, a $3.8 billion eVTOL startup founded in 2018 – and now on the brink of commercialization. The company has designed a short-hop commuter air taxi, using all-electric propulsion, redundant battery packs and rotors, and featuring capacity for a pilot with four passengers plus luggage. This is more than just a ‘paper project;’ Archer’s aircraft, dubbed Midnight, already has prototypes flying and the company is progressing through flight test programs toward FAA regulatory approval.

Aviation is a notoriously expensive industry, and in addition to a workable aircraft, Archer has also developed working partnerships with larger companies. These partnerships include access to manufacturing facilities (with the automaker Stellantis), to civilian and military dual-use markets (with the defense contractor Anduril), and to airline connector routes (with United Airlines and its existing partners).

The most recent partnerships that Archer has entered were announced this past March. The first of these, with Palantir, focuses on developing the Palantir AI platform to work with the next generation of aviation technologies. Potential applications will include scaling of manufacturing capabilities along with air traffic control, movement control, and route planning software. Archer has also announced a partnership with the largest air carrier in Africa, Ethiopian Airlines. The partnership will aim to deploy a fleet of Midnight aircraft for air taxi route service in the region. Archer will provide Ethiopian Airlines with pilots, technicians, and engineers to operate and support the aircraft. This partnership, set up under Archer’s ‘Launch Edition’ program, is valued at $30 million. As part of their mutual development of air taxi operations, the two companies will also explore additional uses for the aircraft and routes, such as eco-tourism.

Archer’s Launch Edition program is aimed at commercialization of the Midnight aircraft, and the company has already taken steps on that path with its first customer, Abu Dhabi Aviation (ADA). ADA has plans to deploy a fleet of Midnight aircraft later this year, with pilot and tech support from Archer. For Archer, the Launch Edition program offers a route to commercialization and to spur product demand before receiving full FAA regulatory accreditation.

On the financial side, Archer is still a pre-revenue startup firm. The company reported a net loss in 4Q24 of $198.1 million. On a positive note, Archer finished 2024 with $834.5 million in cash and cash equivalents on hand.

For Sheppard, the bull case is clear. He notes that Archer’s partnerships have high potential, and that the Launch Edition program should provide a spur to commercialization activities. Sheppard writes, “We Remain Bullish on ACHR over the long-term. We continue to view the partnerships with Anduril (private), the Department of Defense (DOD), United Airlines, and Stellantis as important differentiators that should help the company ramp up its commercialization efforts, increase its TAM, and facilitate operations and manufacturing, respectively. We are also encouraged by the recent announcement to expand into hybrid VTOLs, which we see as a way for ACHR to de-risk its business, particularly if Type Certification with the FAA is delayed (since FAA certification is not required for military use). We continue to expect the U.A.E. to be the initial market for ACHR’s eVTOL commercialization, and we are encouraged by Archer’s Launch Edition program, given that management will target to commercialize in international markets ahead of FAA Certification.”

This long-term bullish stance comes along with an Overweight (i.e., Buy) rating, and a $13 price target that points toward a one-year upside potential of 83%. (To watch Sheppard’s track record, click here)

Archer gets a Strong Buy consensus rating from the Street, based on 7 recent analyst reviews that feature a lopsided 6 to 1 split favoring Buy over Hold. The shares are currently priced at $7.11, and their $12.83 average target price suggests that the stock will gain 80.5% in the year ahead. (See ACHR stock forecast)

Joby Aviation

The next Cantor stock pick we’re looking at is Joby Aviation, one of Archer’s peers at the leading edge of commuter aviation and eVTOL technology. Joby is notable for becoming, in 2020, the first eVTOL company to receive an airworthiness approval rating from the US Air Force.

Like Archer above, Joby has developed and put into prototype production a multi-rotor, multi-battery eVTOL aircraft. The full-scale prototype is currently undergoing flight testing, on the way to regulatory certification from the FAA and other global aviation oversight agencies. Joby boasts that it has already flown more than 30,000 miles in its test program. Joby’s aircraft, with its six independently powered electric tilt rotors, was originally designed to cover the route between New York’s JFK airport and the downtown heliport on Manhattan Island, while carrying up to four passengers.

Joby is preparing for commercialization efforts, including the development of a production-scale manufacturing facility located in Marina, California. The company has additional offices in Santa Cruz, San Carlos, Washington DC, and Munich. In February of this year, Joby announced that it was progressing on stage four of the FAA’s 5-stage regulatory process and had delivered a second test aircraft to the USAF at Edwards Air Force Base. Joby’s flight test fleet now includes five aircraft – and one of these is a hybrid aircraft capable of running on hydrogen fuel.

In another parallel to Archer, Joby is planning to pursue its initial commercial routes in the United Arab Emirates. The company has plans to deliver its first operational passenger aircraft to Dubai in the middle of this year, with the goal of completing flight testing and opening up passenger routes during 4Q25 or 1Q26.

Looking ahead, Joby expects that its operations during 2025 will cost between $500 million and $540 million. The company has deep pockets to cover this, however; it finished 2024 with $933 million in available cash and liquid assets. Management took care to note that the total did not include upcoming investments from Toyota, related to a manufacturing partnership, which will total an additional $500 million.

When we check in again with analyst Sheppard, for the Cantor view, we find that he is upbeat on Joby and not shy about listing reasons. Sheppard says, “We remain bullish on JOBY over the long term, and we are encouraged by the company’s plans to enter into service and to carry its first passengers in Dubai by 4Q25/1H26. Additionally, JOBY continues to have the strongest liquidity position in the industry with ~$933M in cash and equivalents as of 4Q24 (~$1.4B in total liquidity inclusive of Toyota investment). JOBY is Partnered with Toyota for production, Delta Air Lines for operations, and the DoD, which we continue to see as meaningful differentiators. While we don’t expect Type Certification till at least 2026, we are also encouraged by JOBY’s opportunity to continue to leverage its partnership with the DOD and explore additional opportunities with the military.”

Once again, the Cantor analyst gives an eVTOL startup an Overweight (i.e., Buy) rating, and his $9 price target implies a one-year gain of 49.5%.

Joby has picked up 7 recent analyst reviews, which include 5 to Buy and 2 to Sell, giving the stock its Moderate Buy consensus rating. The shares have a trading price of $6.02, and their $8.92 average target price suggests an upside of 48% on the one-year horizon.

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>>> Archer Secures Design Approval For UAE’s First Hybrid Heliport, Paving The Way For Commercial Air Taxi Service In Abu Dhabi


April 23, 2025


https://investors.archer.com/news/news-details/2025/Archer-Secures-Design-Approval-For-UAEs-First-Hybrid-Heliport-Paving-The-Way-For-Commercial-Air-Taxi-Service-In-Abu-Dhabi/default.aspx


The UAE’s aviation regulator, the General Civil Aviation Agency (GCAA), has approved the design for the planned transformation of the Abu Dhabi Cruise Terminal helipad into a hybrid heliport for both helicopter and eVTOL aircraft operations

The goal is for this location to become the first site ready for eVTOL aircraft operations in the UAE, providing direct access to the Abu Dhabi Port, the Louvre Abu Dhabi, Saadiyat Island and the Corniche

Archer is working to transform this helipad alongside its infrastructure partner Falcon Aviation in close coordination with the GCAA

The parties aim to complete this transformation in the second half of 2025 as part of Archer’s broader UAE infrastructure network for its early air taxi commercial service in partnership with leading operator Abu Dhabi Aviation (ADA)


ABU DHABI, United Arab Emirates--(BUSINESS WIRE)-- The General Civil Aviation Agency (GCAA) has approved the design for the planned transformation of an Abu Dhabi Cruise Terminal helipad into a hybrid heliport for both helicopter and eVTOL aircraft operations.

Archer (NYSE: ACHR) is working to transform this helipad alongside its infrastructure partner Falcon Aviation in close coordination with the GCAA. Once complete, this location is targeted to be the first hybrid heliport available for early commercial air taxi operations in Abu Dhabi, and part of Archer’s broader infrastructure network in the UAE, with early operations planned with Abu Dhabi Aviation (ADA).

The GCAA has become the first civil aviation authority globally to develop regulatory standards for hybrid infrastructure—a pioneering framework designed to support the safe, interoperable and efficient operation of both helicopters and eVTOLs from a single platform. Following industry consultation, these proposed standards are now being finalized and are on track for publication by July 2025, marking a significant step toward the seamless integration of advanced air mobility into existing aviation ecosystems.

Under this guidance, Archer and its partners plan to add charging infrastructure and upgrade landing and safety systems to enable use by eVTOL aircraft. By upgrading an existing facility, Archer can capitalize on airspace regulations, zoning and structures that are already in place, without incurring the cost and time it would take to build a bespoke vertiport.

Archer selected this site because of its location at the cruise terminal, which is a thriving tourism hub welcoming over 650,000 guests to its port each year. This location also serves as a gateway to some of the capital’s most renowned cultural and leisure destinations, providing access to the Abu Dhabi Port, the Louvre Abu Dhabi, the future Saadiyat Cultural District and the Corniche.

“This milestone is not just about infrastructure—it reflects the UAE’s unwavering commitment to innovation and global leadership in Advanced Air Mobility,” said H.E. Saif Mohammed Al Suwaidi, Director General of the GCAA. “Through our close collaboration with Archer and Falcon Aviation Services, we are enabling a future where sustainable, high-tech air transport becomes a core part of our urban landscape. This approval represents a new era for civil aviation, driven by partnership and vision.”

“By developing the world’s first regulatory standards for hybrid infrastructure, the GCAA is positioning the UAE at the forefront of global aviation innovation. This framework ensures that our air mobility infrastructure is safe, efficient, and adaptable—laying the foundation for the seamless integration of both helicopters and next-generation eVTOL aircraft within a unified operational environment,” said Aqeel Al Zarouni, Assistant Director General of the GCAA – Aviation Safety Affairs Sector.

"Leveraging existing aviation assets is a cornerstone of our launch strategy. It allows us to move both quickly and safely—getting critical infrastructure ready ahead of our planned commercial launch. This achievement has only been possible through strong partnerships with the GCAA, ADIO and our local operating partners,” said Adam Goldstein, CEO and co-founder of Archer.

“This heliport has long served as a gateway for visitors to explore Abu Dhabi from the sky, and its transformation into a hybrid heliport marks an exciting new chapter. We are proud to support the UAE’s vision by introducing future-ready infrastructure that not only enhances our tourism offering but also supports the shift toward more sustainable and advanced air mobility solutions,” said Captain Ramandeep Oberoi, CEO of Falcon Aviation Services.

Air Synapsis, a Dubai-based company that provides heliport and vertiport design, supplies and project management services, supported the apron and airspace design work for the development of this hybrid vertiport.

About Archer

Archer is designing and developing the key enabling technologies and aircraft necessary to power the future of aviation. To learn more, visit www.archer.com.

About Falcon Aviation Services

Falcon Aviation Services is a premier aviation services company in the UAE. Since its founding in 2006 under the patronage of His Highness Sheikh Dr. Sultan bin Khalifa bin Zayed Al Nahyan, the company has built a strong reputation for delivering innovative, high-quality services to an esteemed clientele. Falcon Aviation Services provides a wide range of Operational and Aviation Support Services, which include Aircraft Charter & Management, Helicopter Sightseeing Tours, Oil and Gas Aviation Support, Maintenance Repair and Overhauling (MRO), Continuing Airworthiness Management (CAMO), Heliport Management and Inspection, among others.

Falcon Aviation Services has firmly established itself as a leading operator in the UAE and the MENA region aviation industry for its commitment to quality, safety, and excellence.

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Archer - >>> Ethiopian Airlines, Africa’s Largest Carrier, And Archer, Sign Agreement To Deploy Midnight Under The "Launch Edition" Program

March 27, 2025


https://news.archer.com/ethiopian-airlines-africas-largest-carrier-and-archer-sign-agreement-to-deploy-midnight-under-the-launch-edition-program





Archer announced today that it has signed an agreement outlining plans to deploy an initial fleet of Midnight aircraft to Africa’s largest carrier and Star Alliance member, Ethiopian Airlines, under Archer’s “Launch Edition” program valued at up to $30M.

The companies will work together to over time build an air taxi network in the region, with Archer planning to provide Ethiopian Airlines with a team of pilots, technicians, and engineers to support the initial deployment of these early launch edition Midnight aircraft in Ethiopia.

While the two companies will primarily focus on developing an air taxi network in the region, they will also explore other use cases, including eco-tourism.


ADDIS ABABA, March 27, 2025 – Archer Aviation (NYSE: ACHR) announced today that it has signed an agreement with Ethiopian Airlines, making it the second customer planning to deploy Archer’s Midnight under the “Launch Edition” program. Ethiopian Airlines, Africa’s largest carrier and a proud member of Star Alliance, operates an extensive global network, serving over 140 international destinations across five continents. The two will now work to bring an all-electric air taxi network to the region using Archer’s Midnight aircraft.

Archer announced the Launch Edition program in February 2025 in an effort to create a scalable commercialization framework for safely deploying aircraft in early adopter markets, enabling the company to demonstrate the capabilities of its Midnight aircraft, drive public acceptance, build operational experience and generate early revenue.

Archer plans to deploy an initial fleet of Midnight “Launch Edition” aircraft to Ethiopian Airlines with a team of Archer pilots, technicians, and engineers to support this initial deployment. Archer also plans to provide backend software infrastructure and front-end booking applications to help power urban air mobility operations during the Launch Edition program.

While Archer and Ethiopian Airlines will primarily focus on developing an air taxi network in the region using Midnight, the two are also exploring using Midnight for a broader range of use cases, including eco-tourism.

Archer and Ethiopian Airlines formalized this partnership during a signing ceremony this week in Addis Ababa. The two will continue working with the Ethiopian Civil Aviation Authority (ECAA) to efficiently and safely operationalize Midnight.

Mesfin Tasew, Group CEO of Ethiopian Airlines said, “We are committed to pioneering advanced air mobility solutions that enhance connectivity and drive sustainable aviation in Africa. Our partnership with Archer Aviation marks an important step in bringing cutting-edge eVTOL technology to Ethiopia. Together, we aim to redefine regional travel and create new opportunities for efficient, eco-friendly transportation."

Archer Founder and CEO Adam Goldstein said, “Last month we announced Abu Dhabi Aviation as our first Launch Edition customer—today we’re following that up with our second, Ethiopian Airlines. Africa presents an untapped opportunity with regards to advanced air mobility, with a variety of compelling use cases that we’ll be exploring together, and I’m proud to be taking a big step forward here alongside Ethiopian Airlines.”

Alastair Curtis, General Manager, Africa, at Archer, said, "This partnership with Ethiopian Airlines represents a transformative step in bringing sustainable and efficient air mobility solutions to Ethiopia and the broader African market. At Archer, we’re committed to working with forward-thinking partners to unlock the potential of eVTOL technology. This is just the beginning of a new era of aviation for Africa."

“U.S. aviation companies have time and again highlighted the best of American quality and innovation, and we’re excited at the opportunity for Archer to make an impact in the region while making America more prosperous through its new agreement with Ethiopian Airlines,” said Nathan Stickney, Commercial Attaché, U.S. Embassy, Addis Ababa.

Archer’s goal is to transform urban travel, replacing 60–90-minute commutes by car with estimated 10–20-minute electric air taxi flights that are safe, sustainable, low-noise and cost-competitive with ground transportation. Archer’s Midnight is a piloted, four-passenger aircraft designed to perform rapid back-to-back trips with minimal charge time between flights.

About Archer

Archer is designing and developing the key enabling technologies and aircraft necessary to power the future of aviation. To learn more, visit www.archer.com.

About Ethiopian

Ethiopian Airlines Group (Ethiopian) is a true African success story, transforming a visionary dream into a globally renowned reality for nearly eight decades. Ethiopian Airlines is committed to environmental sustainability through continuous investment in modern, fuel-efficient aircraft, innovative green initiatives, and sustainable aviation practices. As Africa’s leading airline, Ethiopian prioritizes reducing carbon emissions, enhancing operational efficiency, and implementing eco-friendly solutions across its operations. From embracing cutting-edge technology to driving reforestation projects, Ethiopian remains dedicated to building a greener future for global aviation. For more information, please visit www.ethiopianairlines.com

Forward-Looking Statements

This press release contains forward looking statements regarding Archer’s business plans and expectations, including statements regarding Archer’s aircraft performance, the development, certification, manufacturing and commercialization of its aircraft, the expected benefits, amount and timing of anticipated revenue and scalability of the “Launch Edition” commercialization program and associated deployment of aircraft, anticipated use cases for Archer’s aircraft, business opportunities, planned infrastructure and operations in the customer’s geographic regions, and international expansion. In addition, this press release refers to an agreement that is conditioned on the future execution by the parties of additional binding definitive agreements incorporating the terms outlined in this agreement, which definitive agreements may not be completed or may contain different terms than those set forth in this agreement. These forward-looking statements are only predictions and may differ materially from actual results due to a variety of factors. The risks and uncertainties that could cause actual results to differ from the results predicted are more fully detailed in Archer’s filings with the Securities and Exchange Commission, including its most recent Annual Report on Form 10-K, which is or will be available at www.sec.gov. In addition, please note that any forward-looking statements contained herein are based on assumptions that Archer believes to be reasonable as of the date of this press release. Archer undertakes no obligation to update these statements as a result of new information or future events.

Archer Media Contacts
The Brand Amp - [e-mail]

Source: Archer Aviation

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>> Joby, Archer <<

This is a great technology, and solves some of the key problems with helicopters --> vibration and engine / rotor failure. If a traditional helicopter loses engine power, it falls from the sky. If the rotor fails, it falls from the sky. The new technology has 'redundancy' in spades, so a lost motor or rotor is no problem. It also has multiple batteries, and there's very little vibration, so much less chance of structural fatigue and failure. Engineering-wise it's a winner.

The other question - is it a profitable business model? Both aircraft only seat 4 passengers. The battery recharging time is fairly short, but can they charge enough $ per passenger / flight to produce a profit? The airlines are on board (Joby has Delta / Virgin, and Archer has United), and the users of the service will mostly be business travelers. So even if the airlines have to subsidize the short flight to the airport, having the service makes them the 'go to' airline for busy business travelers, which is a distinct competitive advantage for the airline.

So it looks like a winning business model. Joby and Archer will make their profit on the aircraft sale, and it's the airlines who have to decide if the rest is profitable. The airlines obviously think so since they are already ordering aircraft. So far it looks like a winner :o)

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Joby Aviation -

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Joby - >>> UK ELECTRIC AIR TAXI SERVICE ON THE HORIZON: Joby and Virgin Atlantic Announce Partnership


March 15, 2025


https://ir.jobyaviation.com/news-events/press-releases/detail/125/uk-electric-air-taxi-service-on-the-horizon-joby-and


Partnership will deliver revolutionary, emissions-free travel in the UK, including greater connectivity for Virgin Atlantic customers traveling to and from the airport

Virgin Atlantic to support Joby’s preparations for operation in the UK

Agreement builds on Virgin Atlantic’s track record of innovation and award-winning customer service


SANTA CRUZ, Calif. & LONDON--(BUSINESS WIRE)-- Joby Aviation, Inc. (NYSE:JOBY), a California-based company developing electric air taxis for commercial passenger service, today announced a partnership with Virgin Atlantic, a premium long-haul UK airline, that will see the companies partner on the launch of Joby’s revolutionary air taxi service in the UK.

This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20250315715687/en/



Joby’s all-electric air taxi in flight above the company’s flight test facility in Marina, California. Credit: Joby Aviation

The partnership builds on an existing agreement between Joby and Delta Air Lines – which owns a 49 percent stake in Virgin Atlantic – to launch service in the US and UK, and brings together brands committed to innovation, customer service and challenging the status quo.

The partnership aims to offer seamless, zero-emission, short-range journeys across the UK, starting with regional and city connections from Virgin Atlantic’s hubs at Heathrow and Manchester Airport. Virgin Atlantic will support Joby’s go-to-market efforts in the UK through marketing the service to their customers, engaging regulators alongside Joby and helping to build support for the development of landing infrastructure at key airports.

Joby’s electric air taxi is designed to carry a pilot and up to four passengers at speeds of up to 200 mph and the partnership means Virgin Atlantic customers will be able to reserve a seat on Joby’s aircraft through Virgin Atlantic’s app, website and other channels.

Shai Weiss, CEO of Virgin Atlantic, said: “As a leader in sustainability and with innovation firmly in our DNA, we are delighted to be partnering with Joby to bring short-haul, zero-emission flight to airports and cities throughout the UK. Our strategic partnership combines Joby’s expertise in design, engineering and technology with the power of Virgin Atlantic’s brand and award-winning customer experience. We look forward to working together to bring Joby’s service to the UK and to deliver greater connectivity for our customers.”

JoeBen Bevirt, Founder and CEO of Joby, commented: “Virgin Atlantic’s commitment to delighting its customers reflects our experience with Delta and we couldn’t imagine a better partner to work with in the UK. Together, we are committed to delivering faster options for mobility across the country, including for Virgin Atlantic and Delta customers as they head to the airport or move between UK towns and cities.”

Joby’s electric air taxi utilizes six tilting propellers that allow it to take off and land vertically with a fraction of the noise produced by today’s helicopters. The aircraft is optimized for rapid, back-to-back flights and is expected to be deployed on routes of up to 100 miles. Joby has completed thousands of test flights, including exhibition flights in New York City, Japan and Korea.

Journeys in the UK could include a 15-minute flight from Manchester Airport to Leeds, or an 8-minute journey from Heathrow Airport to Canary Wharf, instead of 80 minutes by car. Over time, Joby expects to build out a network of landing locations that offer rapid and convenient travel around cities and communities throughout the UK. Joby expects to offer prices that are comparable with existing premium ground ridesharing options at launch.

In 2022, Joby and Delta Air Lines announced a multi-city, commercial and operational partnership to pioneer community-to-airport transportation for customers. While the Joby/Delta partnership is mutually exclusive across the US and UK for at least five years following commercial launch, the partnership has been extended to include Virgin Atlantic in the UK.

Joby exhibited its aircraft for the first time in the UK at the 2024 Farnborough International Airshow, and in July 2022 announced that it formally applied to have its aircraft validated for use by the UK Civil Aviation Authority (“CAA”).

Media assets, including photos and footage of Joby’s aircraft as well as illustrative route networks in the UK, are available here.

About Joby

Joby Aviation, Inc. (NYSE:JOBY) is a California-based transportation company developing an all-electric, vertical take-off and landing air taxi which it intends to operate as part of a fast, quiet, and convenient service in cities around the world. To learn more, visit www.jobyaviation.com.

About Virgin Atlantic

Virgin Atlantic was founded by entrepreneur Sir Richard Branson in 1984, with innovation and amazing customer service at its core. In 2024, Virgin Atlantic was voted Britain’s only Global Five Star Airline by APEX for the eighth year running in the Official Airline Ratings. Headquartered in London, it employs 8,500 people worldwide, flying customers to 30 destinations across four continents throughout the year.

Alongside shareholder and Joint Venture partner Delta Air Lines, Virgin Atlantic operates a leading transatlantic network, with onward connections to over 200 cities around the world. In February 2020, Air France-KLM, Delta Air Lines and Virgin Atlantic launched an expanded Joint Venture, offering a comprehensive route network, convenient flight schedules, competitive fares and reciprocal frequent flyer benefits, including the ability to earn and redeem miles across all carriers. Virgin Atlantic joined SkyTeam in March 2023 as the global airline alliance’s first and only UK member airline, enhancing the alliance’s transatlantic network and services to and from Heathrow and Manchester Airport.

Virgin Atlantic has been pioneering sustainability leadership for more than 15 years, committing to Net Zero by 2050 and continuous action that reduces environmental impact. The airline operates one of the youngest and most fuel-efficient fleets in the skies, with an average age under seven years. In October 2022, Virgin Atlantic welcomed its first A330-900’s to the fleet, continuing its transformation towards 100% next generation aircraft by 2028. In November 2023, the airline led a consortium to deliver the world’s first flight across the Atlantic on 100% Sustainable Aviation Fuel (SAF), demonstrating that 100% SAF can be used safely as a drop in fuel in existing infrastructure, engines and airframes. The need to scale production is an industry imperative and Virgin Atlantic is committed to radical collaboration across the energy chain to support commercialization ahead of 2030.

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JOBY, ACHR - >>> In the Trump Era, Flying Green Doesn’t Matter Anymore

President’s endorsement has pushed up air-taxi stocks, but development of all types of zero-emission aircraft is falling by the wayside


The Wall Street Journal

by Jon Sindreu

Feb. 21, 2025


https://www.wsj.com/business/airlines/green-air-travel-aviation-industry-trump-906ecb81?siteid=yhoof2


Though investors’ attention has been focused on the failure of Nikola, the electric-truck maker that briefly had a higher market capitalization than Ford Motor, a similar trend has been quietly playing out in aviation.

It was almost yesterday that this industry aimed for a utopian tomorrow of electric and hydrogen aircraft. And, judging by the rally in the stocks of the makers of air taxis—properly called electric vertical takeoff and landing vehicles, or eVTOL—this future is still on the table Joby Aviation (JOBY) and Archer Aviation (ACHR), which report earnings next week, are up 48% and 213%, respectively, since the Nov. 5 election. Investors seem to be putting a lot of weight on statements by President Trump and the new transportation secretary, Sean Duffy, arguing that the U.S. must win the eVTOL race with China...

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>>> Rheinmetall AG (RNMBY) provides mobility and security technologies worldwide. The company operates in five segments: Vehicle Systems, Weapon and Ammunition, Electronic Solutions, Sensors and Actuators, and Materials and Trade.

The Vehicle Systems segment offers combat, logistics, support, and special vehicles, including armored tracked vehicles, CBRN protection systems, artillery, turret systems, and wheeled logistics and tactical vehicles.

The Weapon and Ammunition segment provides firepower and protection solutions, such as weapons and munition, protection systems, propellants and international projects and services.

The Electronic Solutions segment offers a chain of systems network, such as sensors, networking platforms, automated connected effectors for soldiers, and cyberspace protection solutions, and training and simulation solutions. Its products include air defense systems; soldier systems; command, control, and reconnaissance systems; fire control systems; sensors; and simulations for the army, air force, navy, and civil applications.

The Sensors and Actuators segment provides a portfolio of products comprising exhaust gas recirculation systems; throttle valves, control dampers, and exhaust flaps for electromotors; solenoid valves; actuators and valve train systems; oil, water, and vacuum pumps for passenger cars, commercial vehicles, and light and heavy-duty off-road applications; and industrial solutions.

The Materials and Trade segment develops system components for the basic motors, such as engine blocks, structural components, and cylinder heads; plain bearings, and bushes; and replacement parts. It also engages in the aftermarket activities.

The company has a strategic collaboration with Bohemia Interactive Simulations to promote the development of innovative simulation solutions for modern combat training. The company was formerly known as Rheinmetall Berlin AG and changed its name to Rheinmetall AG in 1996. Rheinmetall AG was founded in 1889 and is headquartered in Düsseldorf, Germany.

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https://finance.yahoo.com/quote/RNMBY/profile/


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>>> Thales S.A. (THLLY) provides various solutions in the defence and security, aerospace and space, digital identity and security, and transport markets worldwide. It operates through Aerospace, Defence & Security, Digital Identity & Security, and Ground Transportation Systems business segments. The company offers communications, command, and control systems; mission services and support; protection and mission/combat systems; surveillance, detection, and intelligence systems; training and simulation solutions for air, land, naval, and joint forces; and digital identity and security solutions. It also provides air traffic management solutions; flight decks and avionics equipment and functions; in-flight entertainment, connectivity, and services; drone solutions; aerospace trading solutions; navigation solutions; support and services for civil aviation; and connectivity solutions. In addition, the company designs, operates, and delivers satellite-based systems for telecommunications, navigation, earth observation, environmental management, exploration, and science and orbital infrastructures; signaling, communications and supervision, and fare collection management systems and related services; cybersecurity and railway digitalization systems; and main line rail, and urban and intermodal mobility solutions. Further, it provides solutions for various markets and applications, including radiology, radio frequency, microwave sources, training and simulation solutions, lasers, and microelectronics solutions for science, industry, space, defense, automotive, railways, and energy conversion platforms.

The company was formerly known as Thomson-CSF and changed its name to Thales S.A. in 2000. Thales S.A. was founded in 1893 and is headquartered in Meudon, France.

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https://finance.yahoo.com/quote/THLLY/profile/


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>>> BAE Systems plc (BAESY) provides defense, aerospace, and security solutions worldwide. The company operates through Electronic Systems, Platforms & Services, Air, Maritime, and Cyber & Intelligence segments.

The Electronic Systems segment offers electronic warfare systems, navigation systems, electro-optical sensors, military and commercial digital engine and flight controls, precision guidance and seeker solutions, military communication systems and data links, persistent surveillance capabilities, space electronics, and electric drive propulsion systems, as well as spacecraft, ground systems, and mission-enabling technologies.

The Cyber & Intelligence segment provides cyber security activities for national security, central government, and government enterprises.

The Platforms & Services segment manufactures, and upgrades combat vehicles, weapons, and munitions, as well as provides naval ship repair services and the management of government-owned ammunition plants.

The Air segment develops future combat air systems and falconworks.

The Maritime segment provides maritime and land activities, including submarine, ship build, and support programs.

The company was formerly known as British Aerospace plc and changed its name to BAE Systems plc in May 2000. BAE Systems plc was founded in 1970 and is headquartered in Camberley, the United Kingdom.

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https://finance.yahoo.com/quote/BAESY/profile/

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>>> Europe announces unprecedented $840 billion rearmament plan to tackle ‘grave’ threats, sending defense giants BAE and Thales soaring


Fortune

by Ryan Hogg

March 4, 2025


https://www.yahoo.com/news/europe-announces-unprecedented-840-billion-115215757.html


Europe’s leaders rallied around Ukraine as the union pledged to beef up defense spending.
Europe laid down the gauntlet as it unveiled a defense plan that could free up €800 billion ($840 billion) to rearm the continent amid the most significant shock to Western international relations in decades.

European Commission President Ursula von der Leyen announced on Tuesday a “ReArm” plan to stock up Europe’s defenses against a looming threat from Russia as the U.S. walks back its military support of Ukraine.

The announcement offered concrete figures on investment following Monday’s pledge by European leaders to beef up their defense capabilities as they rallied around Volodymyr Zelensky.

Europe is reeling from an intense opening two months of the Donald Trump administration, which has left the U.S. set to abandon its position as the West’s peace broker.

In announcing the ReArm plan, von der Leyen spoke candidly about the existential threats Europe will face in the coming years. The EU’s announcement came as the U.S. said it was suspending military aid to Ukraine following a heated argument between Trump and Zelensky in the Oval Office on Friday.

“We are living in the most momentous and dangerous of times. I do not need to describe the grave nature of the threats that we face. Or the devastating consequences that we will have to endure if those threats would come to pass,” von der Leyen said in Brussels.

“Because the question is no longer whether Europe's security is threatened in a very real way. Or whether Europe should shoulder more of the responsibility for its own security. In truth, we have long known the answers to those questions.”

Freeing up the cash to stockpile Europe will require a level of cooperation on defense unprecedented in the EU’s 32-year history.

Each of the bloc’s 27 member states will need to increase their defense spending by an average of 1.5% of GDP, which von der Leyen says would create fiscal headroom of €650 billion over the next four years.

The EU also plans to create a new instrument that would unlock €150 billion ($158 billion) in loans to member states for investment in defense.

Europe’s quest to rearm itself will inevitably leave tough decisions for the region’s policymakers. In announcing an increase in defense spending to 2.5% of GDP, U.K. Prime Minister Keir Starmer said the country would cut its aid spending to fill the funding gap.

“We will continue working closely with our partners in NATO. This is a moment for Europe. And we are ready to step up,” said von der Leyen.

Defense giants soar higher

As Europe ponders how to ramp up its military budget, shares in Europe’s largest defense contractors, BAE Systems, Rheinmetall, and Thales, soared as the extent of Europe’s renewed defense plans were realized. Collectively, the groups have added around $30 billion in market value since the start of the week.

Thales received an extra boost after announcing earnings on Tuesday, showing an 8.3% increase in revenues in 2024.

In a call with reporters following the company’s results, Thales CEO Patrice Caine said that Europe had the technology to fend for itself on defense, and indicated it has the capacity to meet the region’s growing defense demand.

In February, BAE similarly said it would be able to cope with Europe’s newfound military appetite.

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>>> TransDigm Group Incorporated (TDG) designs, produces, and supplies aircraft components in the United States and internationally.

The Power & Control segment offers mechanical/electro-mechanical actuators and controls, ignition systems and engine technology, specialized pumps and valves, power conditioning devices, specialized AC/DC electric motors and generators, batteries and chargers, databus and power controls, sensor products, switches and relay panels, hoists, winches and lifting devices, delivery systems and electronic components, and cargo loading and handling systems. This segment serves engine and power system and subsystem suppliers, airlines, third party maintenance suppliers, military buying agencies, and repair depots.

The Airframe segment provides engineered latching and locking devices, engineered rods, engineered connectors and elastomer sealing solutions, cockpit security components and systems, cockpit displays, engineered audio, radio and antenna systems, lavatory components, seat belts and safety restraints, engineered and customized interior surfaces and related components, thermal protection and insulation products, lighting and control technology, parachutes, specialized flight, wind tunnel and jet engine testing services and equipment, and testing and instrumentation solutions. This segment serves airframe manufacturers, cabin system and subsystem suppliers, airlines, third party maintenance suppliers, military buying agencies, and repair depots.

The Non-aviation segment offers seat belts and safety restraints; mechanical/electromechanical actuators and controls; hydraulic/electromechanical actuators and fuel valves; refueling systems; and turbine controls. This segment serves off-road vehicle and subsystem suppliers, child restraint system suppliers, and satellite and space system suppliers; and manufacturers of heavy equipment.

TransDigm Group Incorporated was founded in 1993 and is based in Cleveland, Ohio.

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https://finance.yahoo.com/quote/TDG/profile/

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>>> UBS upgrades TransDigm on margin expansion, capital deployment


Investing.com

February 24, 2025


https://finance.yahoo.com/news/ubs-upgrades-transdigm-margin-expansion-185344518.html


Investing.com -- UBS upgraded TransDigm Group Inc, now rated "Buy" from "Neutral," on stabilised aftermarket growth, margin expansion, and increased capital deployment.

The bank forecasts aftermarket growth between 10 and 11%, easing concerns of further deceleration. It also projects EBITDA margins to expand by 100 basis points per year, above consensus estimates of 40-60 basis points, while still conservative compared to historical trends.

“TransDigm is a compounder of earnings organically and inorganically, with a recurring and often sole-source business model. A more M&A friendly environment could be further upside to our numbers,” analyst said.

UBS noted that TransDigm's net leverage of 5X, within its 5-7X target range, could result in $12 billion in available capital by year-end and $24 billion by fiscal 2027.

The price target was raised to $1,595 from $1,502, reflecting higher EBITDA assumptions and a revised 21.0X 5-8 quarter EV/EBITDA multiple.

“We expect aftermarket growth to stabilize and accelerate from F1Q, with above-consensus margin expansion and the potential for a step-up in capital deployment,” analyst at UBS said.

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>>> Honeywell, one of the few remaining US industrial conglomerates, will split into three companies


AP

by MICHELLE CHAPMAN

February 6, 2025


https://finance.yahoo.com/news/honeywell-one-few-remaining-us-113124365.html


Honeywell, one of the last remaining U.S. industrial conglomerates, will split into three independent companies, following in the footsteps of manufacturing giants like General Electric and Alcoa.

The company said Thursday that it will separate from its automation and aerospace technologies businesses. Including plans announced earlier to spin off its advanced materials business, Honeywell will consist of three smaller entities in hopes that they will each be more agile.

"The formation of three independent, industry-leading companies builds on the powerful foundation we have created, positioning each to pursue tailored growth strategies, and unlock significant value for shareholders and customers,” Honeywell Chairman and CEO Vimal Kapur said in a statement.

Honeywell had said in December that it was considering spinning off its aerospace division. The public announcement arrived about one month after Elliott Investment Management revealed a stake of more than $5 billion in the aerospace, automation and materials company. Elliott had been pushing for the Charlotte, North Carolina, company to separate its automation and aerospace businesses.

The board of Honeywell International Inc. had been exploring strategic options for the company since earlier in 2024.

The company, which makes everything from eye solution to barcode readers, has been seeking ways to make itself more nimble. Over the past year and a half, just after Kapur took over as CEO, Honeywell has announced plans for the advanced materials business spinoff, entered into an agreement to sell its personal protective equipment business, and made several acquisitions.

The separation of the automation and aerospace technologies businesses is expected to be completed in the second half of 2026. The spinoff of the advanced materials business is anticipated to be completed by the end of this year or early next year.

Like Honeywell, other U.S. conglomerates have been pressured by shareholders to simplify their structures, allowing each segment of the company to move more freely and adapt to changes in their respective markets.

Iconic CEOs like Jack Welch of General Electric spent years building corporate American behemoths with the belief that with scale came power. Yet those massive companies were forced to compete with upstarts with a narrow focus and a more clearly defined set of goals.

Investors also wanted a more clear view of the priorities within each division, which became more murky as the companies grew.

In 2015 metals maker Alcoa said that it was splitting into two independent companies, separating its bauxite, aluminum and casting operations from its engineering, transportation and global rolled products businesses.

GE announced in 2021 that it was dividing itself into three public companies focused on aviation, health care and energy. At the time, the move was viewed as a potential signal of the end of conglomerates as a whole thanks to the move toward a digital economy.

Shares fell almost 3% before the market opened Thursday.

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>>> First independently developed jet breaks the sound barrier over the California desert


AP

by HALLIE GOLDEN

January 29, 2025


https://www.yahoo.com/news/first-independently-developed-jet-breaks-041220902.html


A sleek white aircraft became the first independently developed jet to break the sound barrier Tuesday, tearing through the air tens of thousands of feet above the Mojave Desert and a crowd of delighted onlookers.

The XB-1 aircraft accelerated to Mach 1.05 within about 11 minutes of taking off, according to Boom Supersonic and live video of the test flight.

The flight at the Mojave Air & Space Port in Mojave, California, took place as the company works to revive supersonic passenger travel, which died with the grounding of the Anglo-French Concorde more than two decades ago.

Boom plans to focus next on the Overture airliner, which it says will carry as many as 80 passengers while moving at about twice the speed of today’s subsonic airliners.

“XB-1’s supersonic flight demonstrates that the technology for passenger supersonic flight has arrived,” Boom founder and CEO Blake Scholl said in a statement. “A small band of talented and dedicated engineers has accomplished what previously took governments and billions of dollars.”

The aircraft, which flew for the first time in March, is made almost completely from lightweight carbon fiber. It uses an augmented reality vision system to help with landing, since its long nose and high-angle approach can make it difficult for pilots to see.

“The future of aviation is here and now,” Amy Marino Spowart, president and CEO of the National Aeronautic Association, said in a statement. “Not only is there hope for faster and better commercial flight, but Boom proves that it can be done sustainably.”

Boom is one of several companies with an eye on supersonic passenger travel. Any new such service will likely face the same hurdles as the Concorde, which flew over the Atlantic and was barred from many overland routes because of the sonic booms it caused.

Sonic booms are heard on the ground when airplanes fly faster than the speed of sound — typically about 760 mph (1,223 kph) near sea level but varying depending on temperature, altitude and other conditions, according to the Congressional Research Service.

As a supersonic plane speeds through the air, it pushes molecules aside with great force, forming a shock wave “much like a boat creates a wake in water,” according to NASA.

Tuesday’s flight happened in the same airspace where in 1947 Charles “Chuck” Yeager became the first person to break the sound barrier, piloting an orange, bullet-shaped Bell X-1 rocket plane.

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>>> TransDigm Group Incorporated (TDG) designs, produces, and supplies aircraft components in the United States and internationally.

The Power & Control segment offers mechanical/electro-mechanical actuators and controls, ignition systems and engine technology, specialized pumps and valves, power conditioning devices, specialized AC/DC electric motors and generators, batteries and chargers, databus and power controls, sensor products, switches and relay panels, hoists, winches and lifting devices, delivery systems and electronic components, and cargo loading and handling systems. This segment serves engine and power system and subsystem suppliers, airlines, third party maintenance suppliers, military buying agencies, and repair depots.

The Airframe segment provides engineered latching and locking devices, engineered rods, engineered connectors and elastomer sealing solutions, cockpit security components and systems, cockpit displays, engineered audio, radio and antenna systems, lavatory components, seat belts and safety restraints, engineered and customized interior surfaces and related components, thermal protection and insulation products, lighting and control technology, parachutes, specialized flight, wind tunnel and jet engine testing services and equipment, and testing and instrumentation solutions. This segment serves airframe manufacturers, cabin system and subsystem suppliers, airlines, third party maintenance suppliers, military buying agencies, and repair depots.

The Non-aviation segment offers seat belts and safety restraints; mechanical/electromechanical actuators and controls; hydraulic/electromechanical actuators and fuel valves; refueling systems; and turbine controls. This segment serves off-road vehicle and subsystem suppliers, child restraint system suppliers, and satellite and space system suppliers; and manufacturers of heavy equipment.

TransDigm Group Incorporated was founded in 1993 and is based in Cleveland, Ohio.

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https://finance.yahoo.com/quote/TDG/profile/

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>>> Warren Buffett Just Bought A $185,373,840 Stake in This Little-Known SpaceX Competitor


AG Plus

by Caleb Naysmith

Oct 31, 2024


https://www.agplusinc.com/news/story/29331446/warren-buffett-just-bought-a-185-373-840-stake-in-this-little-known-spacex-competitor#:~:text=Buffett's%20Berkshire%20Hathaway%20(BRK.,in%20the%20conglomerate's%20extensive%20portfolio.


In a surprising shift toward the aerospace and defense sector, legendary investor Warren Buffett has unveiled a new position in HEICO Corporation (HEI), an established aerodefense contractor and emerging competitor to Elon Musk's SpaceX. Buffett's Berkshire Hathaway (BRK.A)(BRK.B) purchased 1,044,242 shares of HEICO, valued at approximately $185.37 million, marking a 0.07% weighting in the conglomerate's extensive portfolio.

HEICO Corporation: A Silent Giant in Aerospace

Founded in 1957, HEICO Corporation has quietly become a powerhouse in the aerospace, industrial, defense, and electronics industries. The company's commitment to innovation and cost-effective solutions has made its products indispensable components in large commercial, regional, business, and military aircraft. Beyond aviation, HEICO's technology extends to industrial turbines, targeting systems, missiles, and electro-optical devices.

Operating through its Flight Support Group and Electronic Technologies Group, HEICO has positioned itself at the forefront of technological advancements, offering essential solutions across multiple industries. With a market capitalization of over $29 billion and a year-to-date stock price increase of 34.77%, the company has demonstrated robust growth and resilience in a competitive market.

Buffett's Strategic Entry into Aerospace

Buffett's investment in HEICO represents 0.75% of the company's outstanding shares, signaling a significant endorsement from one of the world's most respected investors. This move aligns with Buffett's long-standing strategy of investing in companies with strong fundamentals and growth potential.

The aerospace and defense sector has been gaining investor attention due to increasing global security concerns and the resurgence of air travel post-pandemic. HEICO's diversified portfolio and consistent performance make it an attractive investment for Berkshire Hathaway, known for its cautious yet opportunistic investment approach.

Competing with SpaceX: The New Frontier

HEICO's expansion into areas overlapping with SpaceX's domain adds an intriguing layer to this investment. While SpaceX has been a pioneer in commercial space exploration and satellite deployment, HEICO's advancements in aerospace technology position it as a formidable competitor in certain segments.

HEICO's expertise in electro-optical devices and missile components could play a pivotal role in the burgeoning space defense sector. As nations and private entities race to establish a foothold in space, companies like HEICO are essential in providing the technology and components that make these endeavors possible.

Buffett's investment could be seen as a strategic move to capitalize on the growing opportunities in space-related industries without directly investing in private companies like SpaceX. By backing HEICO, Buffett gains exposure to the sector's potential upside while relying on a company with a proven track record and established market presence.

Other Notable Moves by Buffett

In addition to the HEICO investment, Buffett's recent portfolio adjustments reflect a mix of consolidation and strategic diversification:

New Positions: Berkshire Hathaway acquired a 1.45% stake in Ulta Beauty (ULTA), signaling confidence in the retail beauty sector.

Exits: The conglomerate sold its entire holdings in Snowflake (SNOW) and Paramount Global (PARA). Both companies have faced significant stock declines this year, with Snowflake down 42% and Paramount down 25% year-to-date.

Adjustments: Buffett trimmed 50% of his stake in Apple (AAPL) and reduced his position in Capital One (COF) by 21.27%. Conversely, he increased his holdings in Occidental Petroleum (OXY) by 2.93%, now owning 27.86% of the company, highlighting a bullish stance on the energy sector.

Implications for Investors

Buffett's investment in HEICO underscores a growing interest in the aerospace and defense industries, particularly companies that stand to benefit from increased demand for advanced technology in both commercial and defense applications. His move may prompt investors to re-evaluate the sector's potential, especially as global dynamics shift toward heightened security and technological innovation.

The indirect competition with SpaceX adds a compelling narrative to HEICO's growth prospects. While SpaceX dominates headlines with ambitious projects like Mars colonization and satellite internet services, HEICO's steady advancements in aerospace technology represent a more understated but equally significant contribution to the industry's evolution.

Conclusion

Warren Buffett's new position in HEICO Corporation reflects a strategic investment in a company poised to capitalize on the expanding aerospace and defense sector. By aligning with HEICO, Buffett not only reinforces his investment philosophy of choosing fundamentally strong companies but also positions Berkshire Hathaway to benefit from the industry's future growth.

The move signifies confidence in HEICO's ability to compete in a landscape that includes formidable players like SpaceX. As the race for space and advanced aerospace technology accelerates, HEICO's role as a key component provider could yield substantial returns, validating Buffett's investment decision.

For investors, Buffett's latest moves offer insights into sectors that may offer growth opportunities amid market volatility. As always, his portfolio adjustments are closely watched indicators of potential shifts in market dynamics, making HEICO a company to watch in the coming years.

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>>> Buffett Favorite Heico Reports Increased Revenue Despite Unit Sales Drop


Investopedia

by Bill McColl

August 27, 2024


https://www.investopedia.com/buffett-favorite-heico-reports-increased-revenue-despite-unit-sales-drop-8701903


Key Takeaways

Aircraft parts and electronics supplier Heico posted higher revenue despite a drop in sales at its Electronic Technologies Group unit. Fiscal third-quarter sales at Heico's Flight Support unit set a record high.

Investing guru Warren Buffett is a fan of Heico, adding the stock to his Berkshire Hathaway portfolio in the second quarter.

Shares of Warren Buffett-backed Heico (HEI) edged higher Tuesday after the aircraft parts and electronics supplier posted better-than-expected third-quarter profit despite declining Electronic Technologies Group sales.

Heico reported that fiscal 2024 third-quarter revenue rose 37% year-over-year to a record $992.2 million, a tick below analysts' consensus estimate of $992.7 million compiled by Visible Alpha. Earnings per share (EPS) of 97 cents came in above forecasts of 91 cents.

Sales in the Electronic Technologies Group declined 1% to $322.1 million. The company said the drop "principally reflects lower other electronics and medical products net sales." At the same time, Heico's Flight Support segment sales jumped 68% to an all-time high of $681.6 million.

Acquisitions Credited With Boosting Results

Heico Chief Executive Officer (CEO) Laurans Mendelson said that along with gains in the Flight Support group, the company's latest results were boosted by "strong contributions from our fiscal 2023 and 2024 acquisitions."

Heico shares, which hit a record-high $258.84 on Aug. 15, edged higher to $246.70 as of 1:15 p.m. ET Tuesday. They are up about 38% this year.

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>>> Boeing’s turnaround was always going to be hard. The failed union vote just made it even tougher


CNN

by Chris Isidore, Vanessa Yurkevich

October 24, 2024


https://www.cnn.com/2024/10/24/business/boeing-strike-offer/index.html


Problems at Boeing go back years, if not decades. And they just got a lot harder to fix.

In addition to the spate of safety incidents that has undermined the company’s public image, raised worries about quality, sparked numerous investigations and led to a shakeup of executives — including a brand new CEO — the aircraft manufacturer is battling a costly and lengthy strike at its Washington state factories.

Members of the International Association of Machinists just rejected Boeing’s offer to return to work after a bruising six weeks of strike action.

The strike is costing the company around $1 billion a month, according to an estimate from Standard & Poor’s.

Boeing this week reported a $6 billion third-quarter loss, one of the largest quarterly losses in the company’s history.

Boeing also warned investors that losses will continue for at least another year.

New CEO Kelly Ortberg said ending the strike — which has brought Boeing’s commercial airplane production to a near halt — was a top priority and a key to fixing its financial problems.

But with 64% of IAM members voting no on the company’s latest offer, getting a once-great American company back on track appears harder than ever.

Emphasis on profits proves costly

Problems with the quality and safety of Boeing’s planes have been well documented over the past five years. Numerous company whistleblowers and outside analysts say those problems came from Boeing cutting corners and putting speed of production ahead of quality and safety.

Now it appears that demands the company made during good financial times that its largest union forfeit a pension plan or risk losing their jobs is spurring backlash from employees and fueling a longer, costly strike.

The offer rejected in Wednesday’s union vote would have provided striking workers with an immediate 12% wage increase, another 23 percentage points of wage hikes over the next four years, a $7,000 bonus upon ratification and improved contributions to their 401(k) plans, as well as some job security guarantees.

But it did not restore the traditional pension plan that union members at the company lost 10 years ago, back when the company was threatening to build new nonunion factories to handle much of their future work. That loss, from when the company was doing well financially but wanted even more from its workers, still feeds an anger that was apparent in the vote.

“This membership has gone through a lot,” Jon Holden, president of the IAM’s largest local at Boeing and its chief negotiator, said at a press conference late Wednesday just after the vote was announced. “There are some deep wounds that were (caused by) some takeaways and concessions, threats of job loss. Our members haven’t forgotten that.”

Why traditional pension plans matter

Traditional pensions are what’s known as defined benefit plans. They pay a set amount every month to retirees or their spouse as long as they live.

Boeing union members are angry they lost their pension plan. They’re not likely to get it back

If the assets in the plan lose value due to the market or other problems, it’s up to the company to fill the gap. A 401(k) plan, known as a defined contribution plan, puts the investment risk on the retiree. Retirees can even outlive their assets.

The desire to shift risk onto employees and away from a company’s bottom line has led most private sector defined benefit plans to vanish over the last 45 years. Defined benefit plans are only available to about 8% of workers at US businesses today, according to data from the Employee Benefit Research Institute, down from 39% in 1980.

Traditional pension plans are “one of the hallmarks of retirement security,” Holden said Wednesday night. “It wasn’t right to take it away. It’s a righteous fight to try to achieve it back.”

And the loss of the pensions was one of the main things that rank-and-file members pointed to when explaining why they voted no.

“I would love to have my pension back. I’m bitter about it. We’re all bitter about it,” Nataleen Anderson, a 17-year Boeing employee, told CNN affiliate KIRO in Seattle. “It felt like, well, they stabbed us. I was too far into my career when they took it to be able to build a good 401(k). I have a son here too. I want him to have something when he leaves.”

Tough road to win back pensions

But no union that has lost a traditional pension plan has ever been successful in negotiating a return of the plan. The United Auto Workers union also lost the plans for workers hired at General Motors, Ford and what was then known as Chrysler since 2007.

When it went on strike against GM, Ford and Chrysler successor Stellantis a year ago, one of its demands was a return of those pension plans. But while it won record contracts from all three automakers, it did not win back the pensions. In a press conference during the strike Ford CFO John Lawler called the traditional pension plans being sought by the union “a plan of the past.”

Those three auto companies were reporting record profits. Boeing, however, has reported core operating losses of $39.3 billion since 2019, after two fatal crashes of its 737 Max caused a 20-month grounding of its best selling plane and a losses in almost every quarter since then.

Boeing flatly ruled out a return of the pension plans in a statement last week ahead of the offer that the union members just rejected.

“There is no scenario where the company reactivates a defined-benefit pension for this or any other population,” said the company on October 15. “They’re prohibitively expensive and that’s why virtually all private employers have transitioned away from them to defined-contribution plans.”

Is there a solution?

Holden wouldn’t rule out reaching a deal that doesn’t include a traditional pension plan, saying the company is open to try a hybrid plan that provides some kind of defined benefit for members. But he said so far in negotiations Boeing hasn’t entertained any kind of return to a pension plan.

“If they’re not willing to give it, then we have to get something that replaces it,” he said. “So it does come down to wages, it comes down to 401(k) plans. It does come down to potential other defined benefit options, which we are willing to do. We’re going to put all cards on the table, be creative.”

”We are disappointed in the vote result,” Boeing told CNN in a Thursday statement.

On Wednesday before the vote results, Ortberg, who only assumed Boeing’s CEO job on August 8, said that ending the strike was “first and foremost on everybody’s mind.”

The company needs a fundamental change in its culture, he said when reporting third-quarter results but before the final tally of votes, and he again said he wants to “reset” the relationship between the union and the company. But he also admits that change in culture, which he didn’t spell out, will be difficult and take years to achieve.

“We’re clearly at a crossroads. The trust in our company is eroded,” he said. “We’re saddled with too much debt. We’ve had serious lapses in our performance across the company, which has disappointed many of our customers. We have employees who are thirsty to get back to the iconic company they know.”

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Unusual Machines (UMAC) - >>> Donald Trump Jr. joins a drone maker's board — and the stock soars 90%


Quartz

by Rocio Fabbro

November 27, 2024


https://www.yahoo.com/tech/donald-trump-jr-joins-drone-160900046.html


Key Takeaways

Drone maker Unusual Machines (UMAC) announced Wednesday that President-elect Donald Trump’s eldest son, Donald Trump Jr., will join its advisory board. That sent the little-known company’s stock soaring.

Allan Evans, chief executive officer of Unusual Machines, said in a statement that Trump Jr. “provides us unique expertise we need as we bring drone component manufacturing back to America.”

Shares of the Orlando, Florida-based company climbed 89% Wednesday, trading at about $10. Unusual Machines has a market capitalization of $67.18 million.

The move does not appear to be related to the younger Trump’s recent decision to join venture capital firm 1789 Capital.

“The need for drones is obvious. It is also obvious that we must stop buying Chinese drones and Chinese drone parts,” Donald Trump Jr. said in a statement. “I love what Unusual Machines is doing to bring drone manufacturing jobs back to the USA and am excited to take on a bigger role in the movement.”

The company has put a particular emphasis on onshoring drone production and component manufacturing, in a similar vein with the president-elect’s hardline stances on tariffs and other import restrictions.

“By reducing reliance on foreign-made products and strengthening domestic supply chains, Unusual Machines is helping to safeguard U.S. technological leadership in the drone industry,” the company said in its announcement.

Unusual Machines began trading on the New York Stock Exchange in February, under the ticker UMAC, after completing an initial public offering of 1.25 million shares at a price of $4 each, valuing the company at $5 million.

Since going public, the company’s shares are up 250%. As of Wednesday morning, they hit an all-time high of $11.67 in intraday trading, boosted by the Trump connection. Shares closed at $5.36 on Tuesday.

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>>> ZenaTech signed Blue UAS, NDAA compliant partner agreements for supply chain


TipRanks

November 22, 2024


https://finance.yahoo.com/news/zenatech-signed-blue-uas-ndaa-124630710.html


https://www.tipranks.com/news/the-fly/zenatech-signed-blue-uas-ndaa-compliant-partner-agreements-for-supply-chain
ZenaTech (ZENA) announces that it has signed Blue Unmanned Aerial Systems, UAS, and US National Defense Authorization Act, NDAA, compliant partner agreements for its supply chain in order to sell its ZenaDrone 1000 AI drone solutions to US Defense branches and to NATO forces. Through its subsidiary ZenaDrone, the Company recently participated in a Taiwan Trade Mission organized by the Arizona Commerce Authority, ACA, that directly resulted in these partnerships. ZenaTech can now confirm that all ZenaDrone’s electrical components and supply chain will comply with NDAA standards. ZenaDrone previously completed paid trials with both the US Air Force and US Naval Research using its drones for carrying critical cargo — such as blood — in the field.

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JOBY - >>> Toyota boosts its investment in air taxi company Joby Aviation by another $500 million


The Associated Press

October 2, 2024


https://finance.yahoo.com/news/toyota-boosts-investment-air-taxi-134933822.html


Toyota (TM) is investing another $500 million in Joby Aviation (JOBY) as part of a partnership aimed at helping get the American air taxi company's commercial business off the ground.

Toyota's investment will be used to support certification and production of Joby's electric air taxi, the companies said Wednesday, and brings Toyota Motor Corporation’s total investment in Joby to $894 million. After the investment, which will come in two equal tranches later this year and next, Toyota will own about 22% of Joby's outstanding shares.

“Today’s investment builds on nearly seven years of collaboration between our companies,” said JoeBen Bevirt, founder and CEO, Joby Aviation. “The knowledge and support shared by Toyota has been instrumental in Joby’s success and we look forward to deepening our relationship as we deliver on our shared vision for the future of air travel.”

Joby said it recently rolled its third aircraft off the production line and said in August that the fourth of five certifications was in progress.

In addition to the cash investment, Toyota has been spending time and human resources to share its design and manufacturing methods. The Japanese automaker said its engineers are working with Joby's team at its California headquarters.

Last year, the companies signed a long-term agreement for Toyota to supply key powertrain and other components for the production of Joby’s aircraft.

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>>> Intuitive Machines Shares Soar on NASA Pact for Near-Space Grid


Bloomberg

by Carmen Reinicke

September 18, 2024


https://finance.yahoo.com/news/intuitive-machines-shares-soar-nasa-154730433.html


(Bloomberg) -- Intuitive Machines Inc. shares are surging after the space exploration firm said it won another NASA contract. This one could be worth as much as $4.8 billion.

The stock of the the first private company to land a spacecraft intact on the moon soared as much as 66% Wednesday, the biggest intraday jump in 18 months. The price of Intuitive Machines’ shares have more than tripled since the start of the year after the Houston-based firm was awarded a series of NASA accords.

The latest contract is for communication and navigation services for missions in the near-space region, from the Earth’s surface to beyond the Moon. In August, the company won a NASA contract to deliver science and technology payloads, and was one of three companies to receive a contract to develop vehicles that astronauts may drive on the lunar surface in April.

The recent win is “a significant catalyst and validation towards LUNR’s outlook and the company’s ability to continue to win contracts,” Cantor Fitzgerald analyst Andres Sheppard wrote in a note dated Tuesday, referring to the company by its ticker symbol.

“More importantly, LUNR was the only awardee of this contract,” Sheppard added, noting the expectation was that the contract would be awarded to multiple companies.

The first set of task orders for the contract will be about $150 million — the deal has a base period of five years with an added five-year option period for a total maximum potential value of $4.8 billion. As part of the contract, Intuitive Machines will introduce lunar satellite data and transmission services — which the company sees as a key for its goal to commercialize lunar activities.

The near space network pact “provides significant backlog and long-term financial stability, something many space peers lack,” Josh Sullivan, an analyst at Benchmark wrote Wednesday. Intuitive Machines’ “path to becoming the preeminent lunar infrastructure player took a big step forward.”

Intuitive Machines stock has been whipsawed this year and — despite the recent surge — remains more than 20% below a February peak following its moon landing.

Wall Street is overwhelmingly bullish on shares of Intuitive Machines with all five analysts tracked by Bloomberg rating the company the equivalent of a buy. The average 12-month price target of $9.80 implies more the stock could climb roughly another 18% from where shares currently trade.

“This contract marks an inflection point in Intuitive Machines’ leadership in space communications and navigation,” Intuitive Machines CEO Steve Altemus said in a statement Tuesday.

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>>> Intuitive Machines Stock Soars on New NASA Contract. This Is Big.


Barron's

by Al Root

Sept 17, 2024


https://www.barrons.com/articles/intuitive-machines-stock-price-nasa-34824402?siteid=yhoof2


Shares of space technology provider Intuitive Machines rocketed Wednesday after the company announced another contract with NASA.

The stock surged 38% to close at $7.47 a share, while the S&P 500 and Dow Jones Industrial Average were off 0.3%. Wednesday’s gain put shares up almost 200% year to date.

The rise comes after shares dropped 5.6% on Tuesday. That dip might look large, but shares have been volatile since the start of September, gaining almost 16% through Tuesday. In late August, Intuitive Machines said it had been awarded a $117 million contract to deliver six science and technology payloads to the Moon’s South Pole.

The numbers for the latest contract could dwarf that amount, potentially reaching some $4.8 billion over 10 years. Intuitive will provide “communication and navigation services for missions in the near space region, which extends from Earth’s surface to beyond the Moon.”

The contract is huge for the company. Wall Street projects 2024 and 2025 sales of $223 million and $371 million, respectively.

“This contract marks an inflection point in Intuitive Machines’ leadership in space communications and navigation,” said CEO Steve Altemus. “We’re pleased to partner with NASA, as one team, to support the Artemis campaign and endeavors to expand the lunar economy.”

Intuitive burst onto investors’ screens after launching its Odysseus lander in February. That became the first soft landing on the moon for a U.S. entity in some 50 years. Odysseus landed on the moon autonomously—the first-ever such landing for a U.S. company.

Intuitive “established itself as the leading commercial delivery entity with the first U.S. landing on the Moon since the 1970s earlier this year,” wrote Benchmark analyst Josh Sullivan in a Wednesday report. “Now with the [contract] win, Intuitive Machines has established itself as the backbone of lunar data transmission.”

He rates shares Buy and has a $10 price target for the stock. Canaccord analyst Austin Moeller rates shares Buy and has an $11 target price for the stock.

He called the deal “transformational” in a Wednesday report, adding that the company will receive an initial $150 million from NASA for the performance period beginning Oct. 1.

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>>> Intuitive Machines, Inc. (LUNR) designs, manufactures, and operates space products and services in the United States. Its space systems and space infrastructure enable scientific and human exploration and utilization of lunar resources to support sustainable human presence on the moon.

The company offers lunar access services, such µNova, lunar surface rover services, fixed lunar surface services, lunar orbit delivery services, rideshare delivery services to lunar orbit, as well as content sales and marketing sponsorships; and orbital services, including satellite delivery and rideshare, satellite servicing and refueling, space station servicing, satellite repositioning, and orbital debris removal.

It also provides lunar data services, comprising Lunar data network, lunar south pole and far-side coverage, lunar positioning services, data relay, and data storage/caching.

In addition, the company offers propulsion systems and navigation systems; engineering services contracts; lunar mobility vehicles, such as rovers and drones; power infrastructure that includes fission surface power; and human habitation systems.

It serves its products to the U.S. government, commercial, and international customers. Intuitive Machines, Inc. was founded in 2013 and is headquartered in Houston, Texas.

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https://finance.yahoo.com/quote/LUNR/profile/


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>>> Why Intuitive Machines Stock Jumped Up 60% Today


by Rich Smith

Motley Fool

9-18-24


https://finance.yahoo.com/news/why-intuitive-machines-stock-mooned-140209941.html


Intuitive Machines (NASDAQ: LUNR) stock soared 60% in the first five minutes of trading Wednesday morning (up 60.4% through 9:35 a.m. ET) after NASA announced it is awarding a massive $4.8 billion moon contract to the rising space star.

The contract, dubbed "GEO to Cislunar Relay Services" covers communication services to the moon from the period of Oct. 1, 2024 through Sept. 30, 2029, and has the "option" of being extended by a further five years, through Sept. 30, 2034.

NASA + LUNR = better together

Specifically, NASA is hiring Intuitive Machines to provide communication services including "position, navigation, and timing capabilities, which are crucial for ensuring the safety of navigation on and around the lunar surface." The company will establish relays for communications between geostationary orbit (GEO, about 22,000 miles above Earth's surface) and the moon, which orbits Earth at a distance roughly 10 times that.

So basically, Intuitive will be in charge of making sure that messages sent from Earth to GEO satellites get the rest of the way to the moon, and vice versa. In its contract announcement, NASA notes that hiring the space company to handle this work will lighten the communications load on NASA's own Deep Space Network.

Is Intuitive Machines stock a buy?

And here's why this is important to investors: This contract isn't just a (much) bigger contract than the kind Intuitive Machines has been winning from NASA so far. It's an entirely new kind of work that NASA is hiring Intuitive to do.

Up until now, the space agency has hired Intuitive to land payloads on the moon for it. That's great work to have, and so far, Intuitive Machines is the only private company that's proven it's able to do it. Now the company is growing into a new field of business -- space communications -- and it looks very much like it could be a billion-dollar-a-year business for Intuitive Machines.

This is a clear-cut win for Intuitive Machines stock, and investors are right to be happy about it.

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