Aerospace and Defense: Buying the Selloff, Bottoming Sentiment

Exponential Learning · Oct 13, 2026 · 3m

A detailed two-host summary of Morgan Stanley's October 13, 2026 Aerospace & Defense note 'Gauging Investor Sentiment' (Kristine Liwag). Covers the commercial aerospace aftermarket selloff (-23% since July, trading like airlines), the buy calls on Howmet (35 target) and GE Aerospace (00 target), the FY27 defense budget outlook, Golden Dome optionality, and Northrop Grumman as top defense pick (45 target).