Cadre Holdings, Inc. (CDRE) is a Strong Buy amid $50M DoD Contract

Cadre Holdings, Inc. (NYSE:CDRE) is one of the best aerospace and defense stocks to buy according to Wall Street analysts. Cadre Holdings, Inc. (NYSE:CDRE) commands a Strong Buy consensus rating on Wall Street. The average price target on the stock is $51, implying 21% upside potential from current levels.

On November 19, the company’s subsidiary Med-Eng LLC secured a five-year contract worth $50 million from the US Department of Defense. The subsidiary secured the contract after a competitive five-year development program to improve exposure identification methods.

The contract is for the provision of blast-exposure monitoring systems designed to track exposures from heavy weapons and explosive breaching in combat and training environments. The systems are designed to enhance the US Military’s ability to monitor, track, and evaluate blast overpressure exposure events. The company is to make the first delivery under the contract next year.

“We are incredibly proud to be awarded this contract, which is a testament to Med-Eng’s ability to develop best-in-class systems to aid in the mitigation of threats, support operational requirements, and keep users safe in the line of duty. I want to thank our talented team members for their dedication, diligence, and relentless focus on excellence, which made this achievement possible. We look forward to delivering on this program in 2026 and exploring the possibility of how this new capability can be leveraged to support other frontline personnel,” Cadre President Brad Williams commented.

Cadre Holdings, Inc. (NYSE:CDRE) designs, manufactures, and distributes critical safety and survivability products, like body armor, EOD (explosive ordnance disposal) gear, duty equipment, and communication tools, for first responders (police, fire, EMS) and federal agencies globally, operating through strong brands like Safari land, Med-Eng, and Bianchi to equip users for dangerous situations and provide distribution for related gear like uniforms, optics, and firearms.

READ NEXT: Top 10 Materials Stocks to Buy According to Analysts and 10 Best Organic Food and Farming Stocks to Buy Now.

Disclosure: None. This article is originally published at Insider Monkey.