Canada's defence splurge tests whether local firms can beat legacy US suppliers [Wealth Professional (Canada)]
New Horizon Aircraft Ltd. - Class A Ordinary Shares (HOVR)
Company Research
Source: Wealth Professional
Canada's biggest military build-up since the Second World War is unleashing a multi-billion-dollar scramble for defence contracts, with clear upside for domestic companies — and serious questions about how much the country can afford. According to the Financial Times , Canada has pledged to boost defence spending to 5 percent of GDP by 2035, with a defence industrial strategy that aims to award local companies 70 percent of military spending, up from about 50 percent. This shift would boost revenues for Canadian businesses by more than $5.1bn a year. Markets have already moved. Since 2024 infrastructure giant AtkinsRéalis's share price has more than doubled, aerospace firm Bombardier has risen over 400 percent, and MDA Space's stock has more than tripled from its yearly lows. The Financial Post reported that Canada's biggest space technology company, MDA Space Ltd., last week launched a defence-focused subsidiary that has its eye on “multi-billion-dollar contracts.” Polic
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HOVR
News
- Horizon Aircraft to Participate in Upcoming Industry Events [Yahoo! Finance Canada]Yahoo! Finance Canada
- New Horizon Aircraft (NASDAQ:HOVR) is now covered by analysts at JonesTrading. They set a "buy" rating and a $18.00 price target on the stock.MarketBeat
- New Horizon Aircraft (NASDAQ:HOVR) had its "buy" rating reaffirmed by analysts at D. Boral Capital. They now have a $11.00 price target on the stock.MarketBeat
- New Horizon Aircraft (NASDAQ:HOVR) had its "buy" rating reaffirmed by analysts at D. Boral Capital. They now have a $11.00 price target on the stock.MarketBeat
- New Horizon Aircraft (NASDAQ:HOVR) had its "buy" rating reaffirmed by analysts at D. Boral Capital. They now have a $11.00 price target on the stock.MarketBeat
HOVR
Earnings
- 1/14/26 - Miss
HOVR
Sec Filings
- 2/12/26 - Form 4
- 2/12/26 - Form 4
- 2/12/26 - Form 4
- HOVR's page on the SEC website