Jim Cramer on Applied Aerospace & Defense: “It’s a Good IPO; It’s an Even Better Story”

Applied Aerospace & Defense, Inc. (NYSE:AADX) was among the stocks Jim Cramer shared his opinions on during Mad Money. Cramer called it a “terrific business,” as he said:

Last month, a company called Applied Aerospace & Defense came public to fairly limited fanfare, although we told you we like this one, and it’s rallied a bit over the last couple weeks. I think this is a terrific business. Applied Aerospace is basically an outsource manufacturer for the aerospace defense industry at a time when we’ve learned we desperately need more drones, more missiles, more satellites. It’s probably going to take years to restock after the war with Iran, which is why we need all the help we can get, and we need it now… It’s a good IPO; it’s an even better story.

Applied Aerospace & Defense, Inc. (NYSE:AADX) designs, engineers, and manufactures integrated subsystems for space, defense aviation, airborne, C5ISR, and precision strike applications. The company uses IP-enabled manufacturing, prototyping, and in-house testing services for its hardware.

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