Aerospace & Defense

Commercial Aerospace and Defense

Commercial Aerospace exposures relate primarily to large commercial, regional, business and general aviation aircraft original equipment manufacturers and their respective supply chains as well as to replacement parts and maintenance, repair and overhaul services in support of the active aircraft fleet. Primary long-term business drivers include global economic growth, liberalization of international air travel restrictions and technological innovations, but other factors such as oil prices, geopolitical conflict concerns, epidemics and threat of terrorism can also have significant shorter-term impacts. 

Defense products are not limited to military ships, aircraft and weapons systems but also include items such as radar systems, satellites, launch vehicles, communications, and command and control networks. Defense contractors also provide services such as outsourcing and information technology services to military and civilian government customers. Primary factors affecting business trends include the U.S. government defense budget, as well as budgets of other U.S. government agencies, allied foreign government defense spending levels, U.S. government export restrictions and technological innovation.

Managing Director:
Eric Hugel: Bio
Associates:
Omear Khalid: Bio

Companies

AAR CORP.B/E AerospaceCurtiss-Wright Corp.
Esterline Technologies Corp.General DynamicsGoodrich Corp.
HEICO CorporationHerley Industries, Inc.Ladish Co., Inc.
Lockheed Martin Corp.Moog Inc.Northrop Grumman Corp.
Precision Castparts Corp.TransDigm Group Inc.Triumph Group, Inc.
Stephens August '10 Commercial Aftermarket Growth Index Update (08/09/2010)
Stephens July '10 Commercial Aftermarket Growth Index Update (07/08/2010)
Aerospace Valuation 6-09-10 (06/10/2010)
Stephens June '10 Commercial Aftermarket Growth Index Update (06/08/2010)
Aerospace Valuation 5-11-10 (05/11/2010)
Stephens May '10 Commercial Aftermarket Growth Index Update (05/10/2010)
Aerospace Valuation 5-4-10 (05/04/2010)
Stephens April '10 Commercial Aftermarket Growth Index Update (04/12/2010)
Aerospace Valuation 4-8-10 (04/08/2010)
Aerospace Valuation 3-19-10 (03/19/2010)
Philly Aerospace Outing to PCP and TGI (03/10/2010)
Stephens March '10 Commercial Aftermarket Growth Index Update (03/08/2010)
Aerospace Valuation 3-01-10 (03/01/2010)
Aerospace Valuation 2-19-10 (02/19/2010)
Stephens February '10 Commercial Aftermarket Growth Index Update (02/16/2010)
Aerospace Valuation 1-12-10 (01/12/2010)
Stephens January '10 Commercial Aftermarket Growth Index Update (01/07/2010)
Stephens December '09 Commercial Aftermarket Growth Index Update (12/03/2009)
Aerospace Valuation 11-06-09 (11/06/2009)
Stephens November '09 Commercial Aftermarket Growth Index Update (11/04/2009)
Aerospace Valuation 10-09-09 (10/09/2009)
Stephens October '09 Commercial Aftermarket Growth Index Update (10/05/2009)
Improving Airline Liquidity Catalyst for Reaccelerating Aftermarket Sales? (09/28/2009)
Stephens September 09 Commercial Aftermarket Growth Index Update (09/08/2009)
Aerospace Valuation 09-04-09 (09/04/2009)
Aerospace Valuation 08-18-09 (08/18/2009)
Stephens August 2009 Commercial Aftermarket Growth Index Update (08/11/2009)
Aerospace Valuation 08-03-09 (08/03/2009)
Stephens July 2009 CAG Index Update (07/20/2009)
Aerospace Valuation 07-10-09 (07/10/2009)
Aerospace Valuation 06-29-09 (06/29/2009)
Aerospace Valuation 06-22-09 (06/19/2009)
Aerospace Valuation 06-15-09 (06/15/2009)
Aerospace Valuation 06-01-09 (06/01/2009)
Aerospace Valuation 05-08-09 (05/08/2009)
Aerospace Valuation 03-31-09 (03/31/2009)
Aerospace Valuation 03-10-09 (03/10/2009)
Aerospace Valuation 03-02-09 (03/02/2009)
Aerospace Valuation 02-19-09 (02/19/2009)
Aerospace Valuation 02-12-09 (02/12/2009)
Aerospace Valuation 1-21-09 (01/21/2009)
Aerospace Valuation 1-12-09 (01/12/2009)
Aerospace Valuation 1-05-09 (01/05/2009)
Aerospace Valuation 12-29-08 (12/29/2008)
Aerospace Valuation 12-22-08 (12/22/2008)
Aerospace Valuation 12-15-08 (12/15/2008)
Aerospace Valuation 12-08-08 (12/08/2008)
Aerospace Valuation 11-24-08 (11/24/2008)
Morning Brief - Nov 20 2008 (11/20/2008)
Aerospace Valuation 11-17-08 (11/17/2008)
Aerospace Valuation 11-10-08 (11/10/2008)
Aerospace Valuation 11-03-08 (11/03/2008)
Morning Brief - Oct 30 2008 (10/30/2008)
Morning Brief - Oct 28 2008 (10/28/2008)
Aerospace Field Trip (10/23/2008)
Morning Brief - Oct 24 2008 (10/23/2008)
Morning Brief - Oct 13 2008 (10/13/2008)
Morning Brief - Sep 17 2008 (09/17/2008)
Aerospace Valuation 9-09-08 (09/08/2008)
Morning Brief - Aug 18 2008 (08/18/2008)
Aerospace Valuation 7-30-08 (07/30/2008)
Morning Brief - Jul 29 2008 (07/29/2008)
Morning Brief - Jul 25 2008 (07/25/2008)
Morning Brief - Jul 10 2008 (07/10/2008)
Morning Brief - Jun 19 2008 (06/18/2008)
Aerospace Valuation 6-9-08 (06/09/2008)
Aerospace Valuation 6-2-08 (06/02/2008)
Aerospace Valuation 4-19-08 (05/19/2008)
Aerospace Valuation 4-12-08 (05/12/2008)
Morning Brief - May 02 2008 (05/02/2008)
Morning Brief - Apr 29 2008 (04/29/2008)
Morning Brief - Apr 25 2008 (04/25/2008)
Aerospace Valuation 4-09-08 (04/09/2008)
Morning Brief - Mar 19 2008 (03/19/2008)
Aerospace Valuation 3-05-08 (03/05/2008)
Aerospace Valuation 2-20-08 (02/20/2008)
Aerospace Valuation 2-08-08 (02/08/2008)
Aerospace Valuation 2-01-08 (01/31/2008)