The Aerospace Industries Assn.’s (AIA) latest annual forecast illustrates how huge order backlogs have shielded large segments of aerospace and defense (A&D) from the global economic downturn. But if you are looking for uplifting news, move on to p. 14 to read about the first flight of the Boeing 787. For this late-cycle industry, the next two years may make 2009 seem like the good old days. U.S. A&D companies saw new orders fall a stomach-churning 33% in 2009. But thanks to ...

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