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GE Aerospace (NYSE:GE) is one of the best defense stocks that will skyrocket. On April 13, GE Aerospace (NYSE:GE) inked an agreement with the Indian Air Force, paving the way for the establishment of an in-country depot facility.

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The facility, tailored for the F404-IN20 engines that power the IAF’s Light Combat Aircraft Tejas fleet, will help enhance in-country repair and overhaul infrastructure. The facility will also help sustain and make available F404-IN20 engines that power the IAF’s Light Combat Aircraft.

Once fully operational, the facility will eliminate the need to depend on overseas repair centers, therefore improving turnaround times. It is to be owned, operated, and maintained by the Indian Air Force, with GE providing training support staff and necessary spares in addition to specialized equipment.

It marks the next step in the company’s four-decade-long term partnership with the Indian Air Force. GE Aerospace has also reiterated its commitment to developing India’s aerospace ecosystem, spanning design, development, and manufacturing.

GE Aerospace (NYSE:GE) is a global leader in propulsion, services, and systems, with about 50,000 commercial and 30,000 military engines in operation. Backed by 57,000 employees and more than a century of innovation, the company is focused on advancing the future of flight and ensuring safe journeys worldwide.

While we acknowledge the potential of GE as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you're looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock.

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