After breaking records in 2008, revenues in the global aerospace and defense industry were flat in 2009 and profits declined somewhat. But measured against the backdrop of the worst economic crisis since the Great Depression, the performance turned in by the A&D sector was encouraging. “Flat” seems to be the new “up,” and the industry is fortunate to have commercial aircraft backlogs equivalent to more than six years’ worth of production and long-term defense purchase agreements, both of ...

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