3 Breakout Aerospace Stocks to Buy in 2022 and Beyond
Stocks in the aerospace sector remain subject to developments in the ongoing pandemic, and more importantly, how governments react to events. With that in mind, it's not hard to understand why the sector has had a challenging year. That said, recovery is still in place, even if its pace varies and is unpredictable. Moreover, the sell-off in the sector is creating buying opportunities for long-term growth stories like Raytheon Technologies (NYSE: RTX), Hexcel (NYSE: HXL), and CAE (NYSE: CAE). All three are worth picking up for investors willing to close their eyes and ears to near-term negative news. Here's why.
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Raytheon is a company executing excellently in a challenging operating environment. The company was created out of the merger of the aerospace businesses of the former United Technologies and Raytheon Company. The good news from the third quarter is that the cost synergies from the deal carry on rising and now stand at an expected $700 million, compared to a previous estimate for $600 million. Meanwhile, management expects $10 billion in free cash flow (FCF) in 2025.
Source Fool.com
