7 Aerospace Dividend Champions, Contenders, Challengers

It’s been said flying is the second greatest thrill known to man and landing the first.  I’m not sure I agree with that order, but having learned to fly 25 years ago and holding a valid flight instructor certificate today means I’ve invested considerably in that arena.  I’ve received a wonderful return on that investment during that time. 

Aerospace Champions, Contenders, and Challengers.

Given that perspective, I wanted to share 7 firms in the Aerospace industry that are Dividend Champions, Contenders, or Challengers.  As with the Agriculture CCC, the aerospace firms can be found at www.DRIPinvesting.org.  Companies shown in this post were members of their respective lists on 9.28.18.  Brief profiles were excerpted from company information found on Yahoo.finance.

Champions

General Dynamics:  Dividend years - 27.  Yield 1.82%. 

General Dynamics Corporation operates as an aerospace and defense company worldwide. It operates through four business groups: Aerospace; Combat Systems; Information Systems and Technology; and Marine Systems. The Aerospace group designs, develops, manufactures, service and supports business-jet aircraft; and provides aircraft services, such as maintenance, aircraft management, charter, fixed-base operational, and staffing services.

Contenders

HEICO Corp.:  Dividend years - 11.  Yield 0.13%.

HEICO Corporation, through its subsidiaries, designs, manufactures, and sells aerospace, defense, and electronic related products and services in the United States and internationally. The company's Flight Support Group segment provides jet engine and aircraft component replacement parts; thermal insulation blankets and parts; renewable/reusable insulation systems; and specialty components for aerospace and industrial original equipment manufacturers, and the United States government.

L3 Technologies Inc.:  Dividends years - 15.  Yield 1.51%

L3 Technologies, Inc. provides aerospace systems, communication, electronic, and sensor systems used on military, homeland security, and commercial platforms in the United States and internationally. It offers simulation and training, night vision and image intensification equipment, and security and detection systems; and components, products, subsystems, and systems, as well as related services to military and commercial customers in various business areas, such as total training solutions, power and propulsion systems, aviation products, precision engagement systems, and security and detection systems.

Lockheed Martin:  Dividend years - 16.  Yield 2.54%.

Lockheed Martin Corporation, a security and aerospace company, engages in the research, design, development, manufacture, integration, and sustainment of technology systems, products, and services worldwide. It operates through four segments: Aeronautics, Missiles and Fire Control (MFC), Rotary and Mission Systems (RMS), and Space.

Northrop Grumman:  Dividend years - 15.  Yield 1.51%.

Northrop Grumman Corporation operates as a security company for government and commercial customers worldwide. It provides products, systems, and solutions in autonomous systems; cyber; command, control, communications and computers, intelligence, surveillance, and reconnaissance (C4ISR); strike; and logistics and modernization. The company operates through three segments: Aerospace Systems, Mission Systems, and Technology Services. The Aerospace Systems segment designs, develops, integrates, and produces manned aircraft, autonomous systems, spacecraft, high-energy laser systems, microelectronics, and other systems/subsystems.

Raytheon Company:  Dividend years – 14.  Yield 1.68%

Raytheon Company develops integrated products, services, and solutions for defense and other government markets worldwide. It operates through five segments: Integrated Defense Systems (IDS); Intelligence, Information and Services (IIS); Missile Systems (MS); Space and Airborne Systems (SAS); and Forcepoint.

Challengers

Boeing Company:  Dividend years - 7.  Yield 1.84%.

The Boeing Company, together with its subsidiaries, designs, develops, manufactures, sales, services, and supports commercial jetliners, military aircraft, satellites, missile defense, human space flight, and launch systems and services worldwide. The company operates in four segments: Commercial Airplanes; Defense, Space & Security; Global Services; and Boeing Capital. The Commercial Airplanes segment provides commercial jet aircraft for passenger and cargo requirements, and fleet support services, principally to the commercial airline industry.

Piper Archer

The flight time I’ve cobbled together in my logbook consists primarily of Cessna, Beechcraft, and Piper aircraft which are Textron companies or built by privately held firms.  As a result, none are in the CCC list.  However, the degree to which I’ve been involved in aviation compels me to keep an eye on Dividend stocks in the aerospace sector.  Who knows, maybe someday I’ll own the stock equivalent of a Boeing 737 aileron?

If you have a sector of dividend stocks in which you’re interested from an investment perspective, you can certainly explore multiple opportunities in the universe of Dividend CCC.

The thoughts and opinions expressed here are those of the author, who is not a financial professional, and therefore should not be considered as investment advice.  This information is presented for education and entertainment purposes only.  For specific investment advice or assistance, please contact a registered investment advisor, licensed broker, or other financial professional.