$KAI

Korea Aerospace Industries (KAI) said it signed a memorandum of understanding with Embraer to expand cooperation on aircraft structures. The framework covers R&D and potential business opportunities across design, engineering, manufacturing, and quality control, building on KAI’s supply role for E-Jet E2 wing components and Embraer’s civil and air mobility programs. No timelines were disclosed.

Kadant (KAI) reported Q2 revenue of $312.9M, up 22.6% year over year and above analyst estimates of $299.2M. Adjusted EPS was $3.42 versus $2.77 expected, and adjusted EBITDA was $68.1M. Management slightly raised full-year revenue guidance to $1.2B and Adjusted EPS to $12.56. Analyst questions focused on pipeline, M&A performance, bookings, aftermarket demand, and backlog.

The UK Ministry of Defence has launched procurement for advanced RAF jet trainer aircraft to support future multirole combat aircraft and to replace the Red Arrows’ Hawk T1 by end-2030. Boeing and Saab’s T-7A Red Hawk is positioned for competition, with BAE Systems as UK industrial partner. Other potential bidders include Leonardo, KAI, and Turkish Aerospace’s Hürjet.

Kadant (NYSE:KAI) reported Q2 equipment backlog of $182 million and said aftermarket demand stayed at record or near-record levels. Flow Control revenue rose 5% to $100 million; Industrial Processing revenue rose to a record $144 million; Material Handling bookings were $73 million. Q2 gross margin fell to 43.8%. Kadant raised FY revenue guidance to $1.19-$1.21B and adjusted EPS to $12.43-$12.68.

Kadant Inc. reported Q2 results with revenue of $313m, 4.5% above expectations, and statutory EPS of $2.75, 15% above forecasts. Analysts updated 2026 consensus to $1.20b revenue and $10.06 EPS, versus prior $1.19b and $10.07. The average price target rose 5.4% to $362, with a $335 to $380 range.

The article reports new analyst ratings for industrial stocks. BMO’s John Gibson reiterated a Buy on RB Global (RBA) with a $135 target; Barclays kept Buy at $121. Barrington’s Gary Prestopino maintained Buy on Kadant (KAI) at $380. Goldman’s Jordan Alliger kept Hold on CH Robinson (CHRW) at $180. Consensus targets are also cited.

Indonesia’s Finance Minister said the government will likely complete its takeover of the Whoosh consortium from Danantara by mid-month. KCIC runs the Whoosh high-speed rail, with PSBI holding 60% and Beijing Yawan HSR holding the rest. PSBI, led by KAI, reported a Rp 5.1 trillion loss in 1H, up from Rp 4.9 trillion in 2023, amid a US$7.2 billion cost overrun.

Kadant (KAI) shares rose about 0.7% to around $337 after its Q2 results. The company reported record quarterly revenue of $312.9m and record adjusted EPS of $3.42, with Flow Control revenue at $100m and aftermarket at $76m. Bookings were $312m and free cash flow $42.6m, while net margin slipped to 9.5% and valuation was cited at 36.3x P/E.

Korean Air is partnering with Archer Aviation to develop a military variant of Archer’s Midnight eVTOL for troop transport, MEDEVAC, and search-and-rescue, according to The Korean Herald. Korean Air will lead military conversion and systems integration, Archer will provide technical support. Archer’s Midnight has been tested by the US Air Force under an AFWERX Agility Prime contract up to $142 million. Korean Air expects to buy up to 100 aircraft.

Kadant (NYSE:KAI) reported Q2 CY2026 revenue of $312.9 million, up 22.6% year over year and above Wall Street estimates by 4.6%. Non-GAAP EPS was $3.42, 23.6% above consensus. For next quarter, revenue guidance is $302 million, 3.3% below estimates. The article also cites full-year EPS expectations rising from $11.12 to $12.89.