2024-06-19 23:05:35 ET
Summary
- The Aerospace & defense industry offers long-term gains with anti-cyclical demand, defense innovation, and commercial aerospace tailwinds.
- The space technology market expected to double by 2033, with Rocket Lab positioned as a key player in the emerging industry.
- Rocket Lab reported record revenues, successful missions, backlog, and profitability improvements in Q1 2024 earnings. It is also in a great spot to maintain elevated growth in the years ahead.
Introduction
If there's one industry we discuss a lot, it's aerospace & defense, which has a weighting of slightly more than 20% in my dividend growth portfolio.
Since the pandemic, I have accumulated shares in four major defense contractors, as I expect the mix of anti-cyclical demand, the need for defense innovation, and commercial aerospace tailwinds to make it the perfect industry for long-term gains with a terrific risk/reward profile.
Leo Nelissen - Dividend Growth Portfolio
Right now, most of these companies enjoy tailwinds from both elevated global defense needs and the post-pandemic recovery in commercial aerospace....
Read the full article on Seeking Alpha
For further details see:
Rocket Lab: Ticket To Ride The Space Economy Boom