Competitive PositionSince 2014, Aerospace Technologies' sales have lagged peers by an average of 5 percentage points per year, impacting its competitive position.
Conservatism In Margin GuidanceManagement stressed that it continues to incorporate reciprocal tariffs and China 145% tariffs returning after 90-day pause in its guide, which is more conservative than most peers.
Supply Chain ChallengesAerospace Technologies' past dues exceed $2 billion and are not expected to fully unwind until 2027, indicating ongoing supply chain challenges.