The aerospace and defense (A&D) industry saw profits and backlog decline in 2009, but weathered the brutal economic downturn better than many other industries, a new study finds. Deloitte LLP’s analysis of 91 A&D companies and units worldwide found that the industry’s operating earnings decreased by 15% last year, to $47.9 billion. But the decline was mainly driven by large program write-offs at Boeing, EADS and BAE Systems. Industry revenues rose slightly to $635 billion, thanks ...

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