• Berenberg analyst Christopher Rieger initiated coverage of four U.S. aerospace and defense company stocks.

• The analyst initiated Curtiss-Wright Corp (NYSE: CW) with a Buy rating and a price target of 0.

• Rieger notes the company has created best-in-class exposures to niche and highly defensible applications with its "attentive and active" approach to its product portfolio, which he believes is underappreciated.

• The analyst initiated Mercury Systems Inc (NASDAQ: MRCY) with a Buy rating and a price target of .

• Rieger believes Mercury offers investors an opportunity to own a high-quality defense electronics player poised to benefit from secular tailwinds and company-specific developments.

• The analyst initiated Kratos Defense & Security Solutions Inc (NASDAQ: KTOS) with a Buy rating and a price target of .

• Rieger believes Kratos is well-positioned for the rapid growth potential and an expected ramp in spending in space applications.

• The analyst initiated coverage on AeroVironment, Inc. (NASDAQ: AVAV) with a Hold rating and a price target of .

• Price Action: CW shares are trading higher by 0.41% at $136.84, MRCY by 0.09% at $57.84, KTOS lower by 0.76% at $16.97, and AVAV by 1.02% at $57.44 on the last check Friday.

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