RTX - 3 Aerospace Stocks to Buy Right Now
The commercial aerospace sector has been hit hard by the COVID-19 pandemic, with airlines that just a few months ago were in expansion mode now doing everything they can to cut costs and raise liquidity. That means fewer planes in the air, fewer spare parts needed, and ultimately fewer new jets ordered for the foreseeable future.
As a result, shares of leading plane manufacturers Boeing (NYSE: BA) and Airbus (OTC: EADSY) have lost more than half of their value so far in 2020, and their suppliers have not done much better. Boeing predicts it will take years before aircraft demand recovers, so it's bringing down production rates.
Even after those steep share price declines, I can't recommend buying Boeing or Airbus right now. But for those with a long enough time horizon who want to buy into their sector while prices are low, there are options. Here are three commercial aerospace-focused companies worthy of your consideration today.