May highlighted a market environment where strategic scale and execution certainly continued to drive aerospace & defense activity. Large OEM exposed suppliers pursued portfolio consolidation into flight critical, high margin subsystems, while DoD procurement actions increasingly emphasized “affordable mass,” fixed price structures and accelerated transitions from prototype to production, particularly across long range strike and integrated air & missile defense priorities.
The ongoing conflict continued to exert significant pressure on commercial aviation in May, with the closure of the Strait of Hormuz, now entering its third month, creating what the International Energy Agency has characterized as "the largest supply disruption in the history of the global oil market."
Mesirow Financial, Inc., member FINRA, SIPC.