Safran SA is upgraded to Strong Buy with a $479.52 price target, reflecting 21% upside potential. Learn more about SAFRF stock here.

Air Canada stock remains a buy with upside despite cost and cash flow pressure. Read more macro analysis here.

LATAM Airlines is upgraded to strong buy, with a $77.15 base case price target, implying 19% upside and 33% in a bullish scenario. Learn more about LTM stock here.

Northrop Grumman delivered double-digit Q4 sales growth and beat analyst estimates, reinforcing the strength of aerospace and defense investments.

Aena's EBITDA margins remain solid, aided by regulated revenues and minimum guarantees. Read why ANNSF stock is downgraded to Hold.

Allegiant Travel stock remains a "Buy" with a profit rebound and tight capacity discipline. Here's what investors need to know about ALGT stock.

Lufthansa is upgraded as prudent cost and capacity management drive a 29% upside to a $13.88 price target. Click here to read an analysis of DLAKF stock now.

StandardAero (SARO) upgraded to Strong Buy as Carlyle/GIC overhang fades. Read more macro analysis here.

Summary Fugro faces a significant reset in growth expectations, withdrawing 2025 guidance and projecting a substantial sales decline with limited near-term revival. Despite a 25% cut to EBITDA estimates and a lower 2025 price target of $12.13, I maintain a buy rating with 10% upside to a 2026 target of $14.67. Cost reductions, including 350 job cuts and vessel standbys, should stabilize margins and free cash flow, keeping net-debt leverage manageable. FUGRF’s upside remains, but trading liquidity is best on Euronext Amsterdam (FUR) due to minimal OTC volume. Looking for a helping hand in the market? Members of The Aerospace Forum get exclusive ideas and guidance to navigate any climate. Learn More » Shares of Fugro (FUGRF), a Dutch geo-data acquisition and analysis specialist for the infrastructure, energy, and natural resources market, saw their share prices increase 8.6% since I initiated coverage with a buy More on my IG service If you want full access to all our reports, data and investing ideas, join The Aerospace Forum, the #1 aerospace, defense and airline investment research service on Seeking Alpha, with access to evoX Data Analytics, our in-house developed data analytics platform. This article was written by Dhierin-Perkash Bechai is an aerospace, defense and airline analyst. Dhierin runs the investing group The Aerospace Forum, whose goal is to discover investment opportunities in the aerospace, defense and airline industry. With a background in aerospace engineering, he provides analysis of a complex industry with significant growth prospects, and offers context to developments as they occur, describing how they might affect investment theses. His investing ideas are driven by data informed analysis. The investing group also provides direct access to data analytics monitors. Learn more. Analyst’s Disclosure: I/we have no stock, option or similar derivative position in any of the companies mentioned, and no plans to initiate any such positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article. Seeking Alpha's Disclosure: Past performance is no guarantee of future results. No recommendation or advice is being given as to whether any investment is suitable for a particular investor. Any views or opinions expressed above may not reflect those of Seeking Alpha as a whole. Seeking Alpha is not a licensed securities dealer, broker or US investment adviser or investment bank. Our analysts are third party authors that include both professional investors and individual investors who may not be licensed or certified by any institute or regulatory body.

Recent repositioning, including a Maritime demerger, sharpens Kongsberg Gruppen’s focus on aerospace and defense. Read why KBGGY stock is a conditional buy.

Summary Rocket Lab is upgraded to buy, following a sharp price retreat and opportunistic entry point ahead of Q4 earnings. Neutron rocket schedule setbacks persist, with the first launch now likely delayed to late 2026 or early 2027, raising execution risk. Valuation now shows around 3% upside for 2030, with shares still overvalued on near-term earnings but supported by long-term growth positioning. Risks remain for further Neutron delays and cost overruns, but current downside appears limited relative to earlier dilution concerns. Looking for a helping hand in the market? Members of The Aerospace Forum get exclusive ideas and guidance to navigate any climate. Learn More » In January, I downgraded Rocket Lab stock (NASDAQ:RKLB) to sell. Sales-driven valuation methods showed that in the best case the stock was around 20% overvalued. The stock price turned down sharply amidst a broader market More on my IG service If you want full access to all our reports, data and investing ideas, join The Aerospace Forum, the #1 aerospace, defense and airline investment research service on Seeking Alpha, with access to evoX Data Analytics, our in-house developed data analytics platform. This article was written by Dhierin-Perkash Bechai is an aerospace, defense and airline analyst. Dhierin runs the investing group The Aerospace Forum, whose goal is to discover investment opportunities in the aerospace, defense and airline industry. With a background in aerospace engineering, he provides analysis of a complex industry with significant growth prospects, and offers context to developments as they occur, describing how they might affect investment theses. His investing ideas are driven by data informed analysis. The investing group also provides direct access to data analytics monitors. Learn more. Analyst’s Disclosure: I/we have no stock, option or similar derivative position in any of the companies mentioned, and no plans to initiate any such positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article. Seeking Alpha's Disclosure: Past performance is no guarantee of future results. No recommendation or advice is being given as to whether any investment is suitable for a particular investor. Any views or opinions expressed above may not reflect those of Seeking Alpha as a whole. Seeking Alpha is not a licensed securities dealer, broker or US investment adviser or investment bank. Our analysts are third party authors that include both professional investors and individual investors who may not be licensed or certified by any institute or regulatory body.

ASML Holding delivered mixed Q4 results, but order momentum and AI-driven demand support a constructive outlook. Read why ASML stock is a buy.

Howmet Aerospace delivered strong earnings. Read more on what investors should look for from this defense player.

Universal Logistics Holdings, Inc. faces high debt and lower earnings as AI shifts and Parsec costs delay cash flow until 2027. Read why ULH stock is a hold.

Palantir Technologies Inc. delivered Q4 results with 70% sales growth, robust margin expansion & beat analyst estimates. Read more on PLTR stock here.

VisionWave is a pre-revenue defense tech company aiming to commercialize AI-driven drone solutions. Click here to read my latest analysis of VWAV stock.

FedEx Corporation is downgraded from Buy to Hold as the anticipated upside has materialized after a 60% stock surge. Click to read my latest analysis of FDX.

Summary Rheinmetall AG reaffirmed 2025 guidance, targeting 30-35% sales growth and 18.5%-19% operating margins post-civil business deconsolidation. 2026 operational revenues are guided at €15-16 billion, but reported revenues will be ~12% lower, surprising analysts and pressuring the stock. Sales and EBITDA estimates for 2025-2027 have been trimmed by 15% and 11%, respectively, yet free cash flow estimates improved by 55%. I maintain a strong buy rating with a revised price target of $2,556, reflecting a 36% upside despite the underwhelming revenue outlook. Looking for a helping hand in the market? Members of The Aerospace Forum get exclusive ideas and guidance to navigate any climate. Learn More » Shares of Rheinmetall AG (RNMBF)(RNMBY)(RHM:CA) came under pressure following an analyst briefing. The stock lost around 6.4% of its value, but we note that the stock is still up 9% since More on my IG service If you want full access to all our reports, data and investing ideas, join The Aerospace Forum, the #1 aerospace, defense and airline investment research service on Seeking Alpha, with access to evoX Data Analytics, our in-house developed data analytics platform. This article was written by Dhierin-Perkash Bechai is an aerospace, defense and airline analyst. Dhierin runs the investing group The Aerospace Forum, whose goal is to discover investment opportunities in the aerospace, defense and airline industry. With a background in aerospace engineering, he provides analysis of a complex industry with significant growth prospects, and offers context to developments as they occur, describing how they might affect investment theses. His investing ideas are driven by data informed analysis. The investing group also provides direct access to data analytics monitors. Learn more. Analyst’s Disclosure: I/we have no stock, option or similar derivative position in any of the companies mentioned, and no plans to initiate any such positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article. Seeking Alpha's Disclosure: Past performance is no guarantee of future results. No recommendation or advice is being given as to whether any investment is suitable for a particular investor. Any views or opinions expressed above may not reflect those of Seeking Alpha as a whole. Seeking Alpha is not a licensed securities dealer, broker or US investment adviser or investment bank. Our analysts are third party authors that include both professional investors and individual investors who may not be licensed or certified by any institute or regulatory body.

Lockheed Martin showed strong sales growth but underwhelming margins, with higher revenues not translating to profit. Read why LMT stock is downgraded to hold.

TATT's recent earnings showed 14% sales growth, 37% gross margin increase, and significant operating leverage. Read the latest analysis on the stock here.

Linde delivered Q4 earnings that beat analyst estimates, with revenues up 5.8% and adjusted net income rising 4%. Click for my earnings analysis of LIN stock.

Magellan Aerospace's recent stock retreat was driven by U.S.-Canada trade turmoil and profit-taking. Click here to read the latest analysis of MALJF.

Cadre Holdings remains a buy as the price target rises to $52.86 on higher EBITDA and cash flow forecasts. Click here to read an analysis of CDRE stock now.

BETA Technologies is a speculative buy, leveraging a unique OEM and vertically integrated energy aviation stack for eVTOL and CTOL aircraft. More on BETA stock.

RENK Group's growth is steady but backloaded, disappointing investors expecting near-term acceleration. Read why RNKGF stock is a Buy.