Conflicting scenarios describe the state of aerospace and defense: There is the industry that saw sales increase 8% to nearly $600 billion last year, topping $50 billion in collective profit for the first time. This healthy sector boasts backlogs at near-record levels, a strong cash flow, and its largest customer, the Pentagon, continues to spend vast sums of money.rnOn the other hand, the A&D industry has been abandoned in droves by institutional investors, suffered through a strike that halted production at its largest U.S. manufacturer and seen demand for commercial and business jets plummet faster than anyone's worst nightmare.
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