5 Best Aerospace and Defense Stocks to Buy According to Billionaires

2. GE Aerospace (NYSE:GE)

Number of Billionaire Investors: 27

GE Aerospace (NYSE:GE) is among the 10 Best Aerospace and Defense Stocks to Buy According to Billionaires. On March 18, the company announced that it plans to invest over €110 million and hire more than 1,000 new workers across its manufacturing facilities in Europe to boost production capacity and fast-track advanced manufacturing.

A major chunk of the investment will be focused on modern engine test cells, the latest equipment, additive manufacturing expansion, and upgrades to existing infrastructure, which will help support engine programs for both commercial aircraft and military fighter jets and helicopters.

According to the press release, about 70% of the amount will be spent on facilities in Italy, with the rest going to Poland, the Czech Republic, the United Kingdom, and Romania.

Additionally, GE Aerospace (NYSE:GE) intends to spend around €40 million on Europe’s MRO and component repair facilities this year, as part of a $1 billion investment initiative announced in 2024.

In other news, the stock remains on analysts’ radar and currently carries a Strong Buy rating, with an average share price upside of 30% as of the close on March 20. Recent updates include Bernstein lifting its price target to $405 from $374 on March 3, while reiterating an Outperform rating on the shares.

GE Aerospace (NYSE:GE) is a global aerospace propulsion, services, and systems company with an installed base of around 30,000 military and 50,000 commercial aircraft engines. It operates through two segments: Commercial Engines & Services (CES) and Defense & Propulsion Technologies (DPT).