HON - Innovative Solutions and Support Stock: Huge Potential On Honeywell Growth Driver

2024-05-29 11:04:41 ET

Summary

• Innovative Solutions and Support, Inc. is a systems integrator of flight navigation systems and precision flight instrumentation equipment.
• The company has exposure to commercial and defense platforms, as well as general aviation and military platforms.
• The acquisition of product lines from Honeywell Aerospace has bolstered future growth, but integration challenges have led to margin erosion.

While the big aerospace and defense suppliers are part of my coverage, I am also covering smaller aerospace companies. Those that have been following my work know that some of the buy ratings on smaller companies such as Park Aerospace (PKE) and Astronics (ATRO) have performed rather well, although it should be noted that the former saw its outperformance evaporate earlier this year. It shows that smaller aerospace names do have significant potential, but at times might also start underperforming....

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