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Successful IPO and strong first-day trading raise capital and signal investor confidence.
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J.F. Lehman & CompanyPrivate▲ Positive
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As the portfolio company owner, the successful IPO and proceeds enhance J.F. Lehman's investment returns.
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United States▲
RBC Bearings Aerospace & Defense Revenue Jumps 36.9% to $225.4 Million
RBC Bearings is seeing persistent strength in its aerospace and defense markets, with revenues from the segment surging 36.9% in the first quarter of fiscal 2027 to $225.4 million, following year-over-year growth of 32.9% in fiscal 2026. Within the segment, commercial aerospace revenues rose 21.8% while defense market revenues climbed 64.6% in the fiscal first quarter, helped by missile and space applications orders and the July 2025 VACCO Industries buyout. The company ended the fiscal first quarter with a backlog of $2.3 billion, which it expects to act as a tailwind for the segment. RBC anticipates net sales of $505-$515 million for second-quarter fiscal 2027, a year-over-year increase of 10.9-13.1%, driven by strength across both its Aerospace & Defense and Industrial segments. Among peers, Howmet Aerospace saw defense aerospace revenues rise 11% year over year in the second quarter, constituting 15% of company revenues, while GE Aerospace's Defense & Propulsion Technologies segment revenues increased 16% year over year to $3.4 billion in second-quarter 2026.
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Aerospace & Aviation › Aerostructures & Components ▲Demand
Defense & Geopolitical Fragmentation › Defense Industrial Base — Strategic Materials & Components Demand
RBC · Demand · Positive RBC Bearings' Aerospace & Defense revenue surged 36.9% to $225.4M on missile/space orders and a $2.3B backlog.
RBC · Capital · Positive The July 2025 VACCO Industries buyout contributed to the segment's revenue growth.
France
Spain
Germany
Canada
India
United KingdomUnited States
TunisiaSogeclair Completes Sale of Airbus-Dedicated Engineering Activities to Akkodis
Sogeclair has completed the sale of its Airbus-dedicated engineering activities to Akkodis, a global leader in digital engineering and technology consulting. The transaction covers 366 employees located across France, Spain, Germany, Canada, India and the United Kingdom, while the transfer of the business in the United States and Tunisia will be completed following receipt of the required approvals. The divested business represents approximately 20% of the Group's revenue. Sogeclair said the completion marks a new milestone in its development strategy, enabling the Group to strengthen its position in high value-added engineering and manufacturing activities across the entire product lifecycle while continuing its diversification into high-potential markets such as business aviation and defence.
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Aerospace & Aviation › Aerostructures & Components Competition
ALSOG.PA · Capital · Positive Sogeclair completed the divestment of its Airbus-dedicated engineering business (~20% of revenue), advancing its strategy to focus on higher value-added activities
United States▲
Citi Adds Howmet Aerospace to 90-Day Upside Catalyst Watch, Keeps $329 Target
Citi added Howmet Aerospace to a positive 90-day Catalyst Watch on Wednesday, maintaining its Buy rating and $329 price target on the aerospace supplier. The call implies 42.5% expected share-price appreciation, or a 42.7% total return including dividends, from Howmet's Sept. 29 closing price of $230.94. Lead analyst John Godyn said recent concerns weighing on the shares appear overdone and described Howmet as one of Citi's top aerospace and defense compounders. Howmet shares have fallen about 9% since Citi initiated a separate positive 30-day Catalyst Watch on Aug. 31, which has now expired, with Citi attributing the weakness to GE Aerospace's acquisition of Consolidated Precision Products, potential risks to Boeing's 737 production and delivery schedule, and rising geopolitical and fuel-related pressures on aerospace and defense stocks. Citi forecasts third-quarter EPS of $1.38 and fourth-quarter EPS of $1.44, bringing estimated 2026 EPS to $5.37, and its 2027 EPS estimate of $6.76 is above the $6.48 consensus cited in the report.
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Aerospace & Aviation › Aerostructures & Components ▲Capital
Defense & Geopolitical Fragmentation › Defense Industrial Base — Strategic Materials & Components Capital
C · Capital · Positive Citi adds Howmet to a positive 90-day Catalyst Watch and maintains its Buy rating and $329 price target.
HWM · Capital · Positive Citi adds Howmet to a positive 90-day Catalyst Watch, keeps Buy and $329 target, and calls recent share weakness overdone.
BA · Supply · Negative Citi cites potential risks to Boeing's 737 production and delivery schedule as a concern weighing on Howmet shares.
GE · Competition · Negative GE Aerospace's acquisition of Consolidated Precision Products is cited as a concern pressuring Howmet shares.
United States▼6impact 4
FAA Delays Certification of Boeing 737 MAX 10 Over Software Issues, Boeing Shares Fall 6.9%
The U.S. Federal Aviation Administration, or FAA, announced it is delaying certification of the Boeing 737 MAX 10 until flight software issues are resolved, sending Boeing shares down 6.9% on concerns over delayed deliveries, the latest setback in the planemaker's efforts. The FAA said this version of the software could increase pilot workload during the go-around maneuver, the moment when pilots abort a landing attempt, add engine power and climb back into the sky to prepare for another landing attempt. Brian Bedford, an FAA official, told reporters at Reagan Washington National Airport that certification of the MAX 10 would be delayed until he is satisfied there are no further problems on this point, and declined to predict how long the delay would last. The FAA's review will assess whether the software constitutes an unacceptable safety risk, which could add several more months of fixes before the MAX 10 is certified, a milestone originally expected in October. Meanwhile, Boeing said on Saturday that a software problem affecting some 737 MAX aircraft could prevent the automatic flight system from working during landings in certain specific situations, and that it has notified airlines and is developing a software update to permanently fix the issue. The MAX 10 is a key aircraft in Boeing's effort to win back market share from Airbus in the highly lucrative single-aisle jet market.
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Aerospace & Aviation › Airframe OEMs ▼Regulation
Aerospace & Aviation › Aircraft Engines & Propulsion ▼Demand
Aerospace & Aviation › Aerostructures & Components ▼Demand
Aerospace & Aviation › Avionics & Aircraft Systems ▼Technology
BA · Regulation · Negative FAA delays certification of the 737 MAX 10 over software safety concerns, threatening delivery timelines.
BA · Technology · Negative Boeing disclosed a software problem affecting some 737 MAX aircraft that can disable the automatic flight system during certain landings.
AIR.PA · Competition · Positive Boeing's MAX 10 certification delay is a setback in its effort to win single-aisle market share from Airbus.
United StatesGE Aerospace and Kratos Complete First Ignition of GEK800 Engine
Kratos Defense & Security Solutions and GE Aerospace announced the successful first ignition of the GEK800 Serial Number 1 turbofan engine on September 21, a milestone in a program the U.S. military has designated the F143-ZZ-100. The test, conducted at Kratos' X-58 facility, achieved a 100% success rate for the development phase and keeps the affordable, high-performance propulsion system on schedule for advanced cruise missiles and uncrewed aerial systems. For Kratos, the milestone supports a Government Solutions segment that posted $379.7 million in Q2 2026 revenue, up 22.0% organically, with Turbine Technologies up 43.3% organically, a consolidated book-to-bill ratio of 1.1x and $2.084 billion in backlog, as the company ramps full-year 2026 revenue guidance to $1.750–$1.810 billion. GE Aerospace's Defense & Propulsion Technologies segment reported $3.4 billion in Q2 2026 revenue, up 16%, and raised full-year DPT operating profit expectations to $1.6–$1.7 billion. Kratos also faces cash conversion pressure, with $11.0 million in Q2 2026 operating cash outflow and $18.9 million in negative free cash flow, while GE's DPT margins face ongoing pressure from investments and inflation.
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Aerospace & Aviation › Aircraft Engines & Propulsion ▲Technology
Defense & Geopolitical Fragmentation › Missiles & Precision-Guided Munitions ▲Technology
Defense & Geopolitical Fragmentation › Loitering Munitions & Combat UAS ▲Technology
Aerospace & Aviation › Aerostructures & Components Demand
KTOS · Technology · Positive Kratos achieved first ignition of the GEK800 engine at its X-58 facility, advancing the affordable propulsion program for cruise missiles and UAVs.
KTOS · Capital · Negative Kratos faces cash conversion pressure with $11.0 million Q2 2026 operating cash outflow and $18.9 million negative free cash flow.
GE · Technology · Positive GE Aerospace and Kratos completed the first ignition of the GEK800 turbofan engine, a milestone for the F143-ZZ-100 military propulsion program.
United States▲
Howmet Aerospace Raises Dividend 17%, Repurchases $800 Million in Shares
Howmet Aerospace has raised its quarterly dividend 17% to 14 cents per share, equivalent to 56 cents annually, as it continues returning capital to shareholders. In the first six months of 2026 the company distributed $97 million in dividends, and through July it had repurchased $800 million worth of shares year to date. Howmet exited the second quarter of 2026 with $563 million in cash equivalents, above its $450 million in short-term borrowings, and generated $1.04 billion from operating activities in the first half, up 48% year over year, while free cash flow totaled $838 million, up 75%. For 2026 the company expects free cash flow of $1.85-$1.95 billion. Among peers, GE Aerospace distributed $873 million in dividends and repurchased $4.2 billion of shares in the first half of 2026, while Parker-Hannifin paid $936 million in dividends and repurchased about $1 billion of shares in fiscal 2026. Howmet shares have gained 4.2% over the past six months against a 6.7% decline for the industry, and the Zacks Consensus Estimate for both 2026 and 2027 earnings has risen 6.2% over the past 60 days.
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Aerospace & Aviation › Aerostructures & Components ▲Capital
HWM · Capital · Positive Howmet raised its quarterly dividend 17% and repurchased $800 million in shares, returning capital to shareholders.