For the bottom-line-oriented U.S. aero-space/defense industry, this is the golden era of profits. Net income and earnings per share are at all-time highs. Balance sheets are strong and flush with cash. Moreover, the tremendous burst of liquidity that began three years ago shows no signs of abating. In the last two years, the stock prices of many primes and major subcontractors in AVIATION WEEK&SPACE TECHNOLOGY's company index have scored large gains. In the first four ...

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