Oil equipment and services company Baker Hughes (NASDAQ: BKR), aviation services specialist AAR (NYSE: AIR), (NYSE: HUBB), advanced composites maker Hexcel (NYSE: HXL), and aerospace and defense giant Raytheon Technologies (NYSE: RTX), and electrical products manufacturer Hubbell (NYSE: HUBB) are all up this year. Let's consider why, and whether they are still good buys from here.
Spirit AeroSystems (SPR) recently signed a MOU with MAB in Singapore mainly to develop the maintenance, repair and overhaul services for Boeing's 737 Next Generation Aircraft.
Aerospace and defense supplier AAR (NYSE: AIR) reported mixed results in its most recent fiscal quarter. In a brutal environment for stocks, investors are tending to see the glass half empty, sending shares of AAR down more than 10% early Friday afternoon. AAR provides spare parts and other aftermarket services to defense and commercial aerospace companies and has operations in more than 20 countries.