The Next Frontier For Aerospace and Defense ETFs

Few industries will look back on the last several years fondly, remembering a stretch of surging demand and reliable sources of organic growth. But for aerospace and defense firms, the last decade has been a remarkable run, including the last two years that saw many other corners of the economy battered by the recession. Ongoing–and occasionally escalating–initiatives in Iraq and Afghanistan have boosted bottom lines for manufacturers of weapons and defense systems. But the recent boom may now be drawing to a close, forcing this recession-proof sector to look elsewhere for expansion opportunities. “For the past decade, U.S. defense firms have enjoyed strong growth, as Pentagon budgets doubled to roughly $700 billion a year amid wartime spending,” writes Nathan Hodge. “Now companies are bracing for a downturn and looking to foreign customers to cushion the blow.”Boeing, the Chicago-based defense contractor that generates significant revenues from the U.S. [...] Click here to read the original article on ETFdb.com. Related Stories: Aerospace & Defense ETFs Head-To-Head: ITA vs. PPA Boeing Evades Competition, Puts Defense ETFs In Focus Aerospace & Defense ETFs In Focus On China, U.S. Budget