DFEN - XAR: Still The Best Aerospace & Defense ETF

The success of aerospace and defense companies rests not merely upon their research and development, their culture of innovation, and their quality of management – which might be good enough for most industries – but they also must deal with (1) politicians and (2) Department of Defense acquisitions protocols. This makes the survivors particularly capable.

I discussed the industry writ large at a bit more length in my article on the Global Defense Industry here: The Global Defense Industry - Here Are The Best To Buy.

In that article I discussed

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