Defense is HOT!!!

Post date: 2023-03-16 15:41:44 GMT

Which defense company caught the "eye" of AbleMarkets AI?

Market uncertainty, bank failure, you name it -- all of this has happened last week. Another BIG thing last week is an escalation in the war in Ukraine that included a U.S. drone. With the increasing U.S. involvement, come bigger defense budgets and AbleMarkets AI spotted a company that AbleMarkets thinks has the potential to soar.

Circor International Inc. (NYSE:CIR) filed their annual report 10-K with the SEC on 03/15/2023. CIRCOR is a company that makes technology products and sub-systems for industrial and aerospace and defense markets. According to their 10-K filing, they have a strategy to grow their business by creating new products, increasing their aftermarket sales, and expanding into new markets. They also want to increase their profits by offering value-based pricing and improving their manufacturing processes. They want to build a strong team of employees and create a culture that encourages growth.

CIRCOR is a leading global provider of highly engineered, complex flow control products and services. Founded in 1998, the company is based in Burlington, Massachusetts and operates in more than 25 countries around the world. CIRCOR specializes in the design, manufacture and installation of valves, pumps, and other flow control products and services for customers in the oil and gas, aerospace, power generation and industrial markets. CIRCOR International has a long history of innovation and continues to invest in research and development to stay at the forefront of the flow control industry. The company is committed to providing superior products and services to its customers, and its dedication to quality and excellence has resulted in a strong customer base and a growing global presence.

AbleMarkets Corporate Filings AI uses cutting-edge methodologies described in Big Data Science in Finance by Aldridge and Avellaneda (2021).

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