Safran :SAFRY) is an aerospace and defense company headquartered in Paris that has a market presence in 27 countries. It designs and manufactures engines for commercial and military aircraft, as well as aircraft equipment and interiors.
Industrials sector takeaways for investors
Industrial companies are cyclical businesses that generally do well when the economy is strong, but are often hit hard during downturns. Some industrial companies are less vulnerable than others, though. Defense contractors with government contracts are often better equipped to handle periods of economic uncertainty.
The Trump administration's import tariffs also pose a potential problem for industrial companies, though their status often changes. Still, considering how essential industrial companies are to the economy, it makes sense to have some in an investment portfolio.