Shares of aerospace and defense companies are trading lower. Weakness may be amid sympathy with SpaceX after a report suggested that the company is looking to issue $40 billion in new debt to buy Nvidia chips for its data centers.

Arxis shares are trading higher after RBC Capital upgraded the stock from Sector Perform to Outperform rating and raised the price target from $50 to $60.

RBC Capital Upgrades Arxis to Outperform, Raises Price Target to $60

Shares of aerospace and defense companies are trading lower amid diplomatic uncertainty between the U.S. and Iran. Oil costs may also weigh on the industry.

Closed Die Forging Market Size, Share, Trends, and Forecast, 2026-2040; Market to Reach US$ 42.94 Billion as EV, Aerospace, and AI-Driven Automation Demand Accelerates

The global closed die forging market is projected to grow from US$ 22.38 billion in 2025 to US$ 42.94 billion by 2040, with a CAGR of 4.44%. Asia Pacific leads the market driven by automotive manufacturing, EV production, infrastructure development, and aerospace expansion. Sustainability and energy-efficient manufacturing technologies are key growth trends as companies adopt lightweight materials and automated production systems.

Wells Fargo Maintains Overweight on ATI, Lowers Price Target to $240

Is Astronics Building a Broader Aerospace Growth Platform?

Astronics (ATRO) is expanding beyond aerospace components into commercial aviation, defense, and business aviation. The company reported seat-motion sales more than doubled to $22.2 million in Q2, with expectations to double again in 2026. ATRO holds dominant market positions in in-seat power (90% share) and aircraft wireless access points (60-70% share), positioning it well for retrofit opportunities and fleet modernization trends.