The aerospace industry is a good investment opportunity in 2022, and few options appear more appealing to me for persons looking for suitable jobs.
They have not only outperformed the market this year, but their earnings momentum is increasing. As a result, investors have plenty of reasons to be optimistic.
However, fast forward to 2022, and the industry is in much better shape.
That same basket of aerospace stocks is now trading at a higher level than it was before the crisis, as some sense of optimism about the future returns, however different it may be from the pre-coronavirus period.
- Raytheon Technologies
Raytheon Technologies (NYSE: RTX) is one of the world’s leading makers of aerospace and defense goods, ranging from engines to structures and satellites.
Raytheon reported $16.2 billion in sales in the third quarter of 2021, a 10% increase over the previous year period, and $1.4 billion in net profits in 2022. The corporation was founded in April 2020 by the merging of United Technologies Corporation and the Raytheon Company.
Boeing (NYSE:BA)is one of the most well-known names in the aerospace industry as the leading designer and producer of airplanes in the United States.
The corporation is the largest single exporter in the United States, and it also offers services ranging from military contracts to aircraft leasing.
Boeing reported revenues of $15.3 billion in the third quarter of 2021, an 8% increase over the same time last year, while earnings from operations improved from a loss of $401 million in the fourth quarter of 2020 to a profit of $329 million in the third quarter of 2022
Airbus is Europe’s largest civil aircraft manufacturer and the world’s leading maker of helicopters.
Airbus stock is listed across six European stock markets and has the French state as its single largest stakeholder, with a holding of roughly 11 percent.
Airbus announced a 17 percent year-on-year increase in revenues to €35.2 billion in the nine months ending September 30, 2021, while net income returned to profit with a €2.6 billion profit in the following year.
Honeywell International Inc. (Nasdaq:HON)is a global technology and industrial Company.
Its Aerospace segment provides auxiliary power units, propulsion engines, integrated avionics, satellite and space components, and aircraft wheels and brakes.
The company employs over 100,000 people, recorded $8.5 billion in sales in the third quarter of 2021, and is a long-standing member of the Fortune 100.