In the final weeks of 2024, so-called electric vertical takeoff and landing (eVTOL) companies like Archer Aviation Inc. (NYSE: ACHR) have dominated the headlines. Archer and some of its rivals are racing to bring to market an affordable, convenient lineup of air mobility products. Whichever company—or companies—can successfully meet regulatory requirements and launch eVTOL aircraft on a significant scale is likely to reap the benefits of an anticipated new market surrounding air taxis.
Though these eVTOL firms have captured investor attention, there are a number of other aerospace and defense companies that are worth taking note of heading into 2025. These firms may have less glamorous projects in the works or—in the case of rival eVTOL companies—may not have experienced a share price rally in recent months. The fact that these companies are under the radar may make them all the more attractive to investors looking to avoid jumping on the bandwagon with their investments.
