5 Best Airport Stocks to Buy According to Hedge Funds

4. Firefly Aerospace Inc. (NASDAQ:FLY)

Number of Hedge Fund Holders: 22

Firefly Aerospace Inc. (NASDAQ:FLY) is one of the Best Airport Stocks to Buy According to Hedge Funds. On May 19, Firefly Aerospace Inc. (NASDAQ:FLY) announced a major expansion in its physical footprint in Texas by moving into a new headquarter in Cedar Park, Texas.

​Management noted that the new headquarters consolidates spacecraft operations into a single campus totaling 144,000 square feet, which is twice the size of its previous facilities. Moreover, the expanded facility also houses spacecraft assembly and testing, mission control, avionics production, engineering, and business operations. The location is strategic as it is less than 30 miles from the company’s 200-acre Rocket Ranch in Briggs, Texas.

​Notably, the new headquarters has a new cleanroom, which is four times larger than the existing one and is funded by a Texas Space Commission grant. Management noted that the cleanroom is designed to support a dedicated production line for Blue Ghost lunar landers and Elytra orbital vehicles. Moreover, the Briggs facility is also being enhanced, with 30,000 square feet of additional engineering and manufacturing workspace added through two new mezzanines.

Firefly Aerospace Inc. (NASDAQ:FLY) is a space and defense technology company, providing mission solutions for government and commercial customers.