Aerospace and defense companies thrive by engineering aircraft that can cruise through turbulence and by building battlefield-hardened weapons systems. But now their biggest challenge may be how well they can weather the currency-market wind shears that have pushed the U.S. dollar into a nosedive—and position themselves for its next eventual ascent. Dealing with currency fluctuations in the industry used to be fairly straightforward. A weak dollar was good for U.S. exports and bad for ...


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