The books are closed now and it is clear that core performance in aerospace & defense (A&D) was flat again for the second year in a row, which was good compared with other industries. Revenues stayed essentially the same and barely kept pace with inflation. Earnings were up on its face, but core earnings were level to slightly up if you add back the $10.5 billion of one-time charges in 2009 and $1.7 billion of one-time charges in 2010 associated with over-budget development programs, ...


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