The third quarter of 2018 delivered practically everything shareholders wanted. Of the 17 major public aerospace and defense companies that reported financial results by Nov. 1, 16 beat expectations for earnings per share (EPS). There was optimism across all end-markets, according to analysts at Jefferies. This was led by business jet manufacturers, up 13%, as well as commercial aftermarket demand, which grew 10%. Defense sales volumes also rose 7% year-over-year. Combined, industry has ...

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