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Ken Erbert

Research Analyst at Royal Bank of Canada

Ken Herbert is Managing Director and Senior Aerospace & Defense Analyst at RBC Capital Markets, specializing in coverage of major companies including Boeing, TransDigm, and HEICO. With a 63% success rate and an average return of 18.9% on stock recommendations, his top ratings have delivered notable returns, such as a 244.5% gain on Leonardo DRS. Herbert joined RBC in August 2021 after roles as senior analyst at Canaccord Genuity and Wedbush Securities, and previously led the Aerospace & Defense consulting practice at Frost & Sullivan. He holds an MBA from the University of Michigan, a BA from UC Santa Cruz, and maintains professional credentials as a FINRA-registered securities analyst.

Ken Erbert's questions to AAR (AIR) leadership

Question · Q2 2026

Ken Herbert followed up on the USM business, asking if FTI's new aeroderivative IGT offering for the CFM56 engine poses a longer-term risk to engine volumes for AAR's USM segment.

Answer

CEO John Holmes stated he does not see it as a risk. He explained that FTI's high demand for these assets has already significantly reduced AAR's activity with them over the past year, but AAR's USM team has successfully sourced CFM material independently. Holmes expressed confidence in AAR's ability to continue finding material despite this new demand vector.

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Fintool can predict AAR logo AIR's earnings beat/miss a week before the call

Ken Erbert's questions to AeroVironment (AVAV) leadership

Question · Q1 2026

Ken Erbert asked about AeroVironment's full-year revenue outlook, specifically the $1.9 billion to $2 billion range, and the factors influencing potential upside or downside given strong Q1 results and 82% revenue visibility.

Answer

Wahid Nawabi, Chairman, President, and CEO, expressed satisfaction with Q1 results and BlueHalo integration but noted it's early in the fiscal year. He mentioned potential for a continuing resolution (CR) but doesn't expect it to negatively impact the fiscal year. Contract timing and DoD transformation were cited as key variables. He reaffirmed confidence in achieving record revenues and profitability, positioning AV as a leading defense tech company.

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Fintool can predict AeroVironment logo AVAV's earnings beat/miss a week before the call