Trump’s Win Is a Net Positive for Aerospace and Defense Stocks
By
Cristina Gallardo, Dow Jones Newswires
The election of Donald Trump as U.S. president is a net positive result for the aerospace and defense sector, RBC Capital Markets Ken Herbert said.
U.S. defense spending and support for U.S. defense exports are expected to increase under Trump, as well as mergers-and-acquisitions activity, he said.
Military aid for Ukraine looks more uncertain, and that could put further pressure on AeroVironment, a U.S. manufacturer of drones and loitering munition systems, he wrote in a note to investors.
