The aerospace/defense industry closed the day down 3.8%. Sifco Industries Inc ( SIF) were all winners today within the aerospace/defense industry with CPI Aerostructures Inc ( CVU) being today's featured aerospace/defense winner. CPI Aerostructures Inc rose 38 cents (4%) to $9.88 on heavy volume. Throughout the day, 34,015 shares of CPI Aerostructures Inc exchanged hands as compared to its average daily volume of 16,000 shares.

CPI Aerostructures, Inc. engages in the contract production of structural and other aircraft parts for prime defense contractors, the United States Air Force, and other branches of the armed forces. CPI Aerostructures Inc has a market cap of $65.8 million and is part of the industrial goods sector. The company has a P/E ratio of 55.9, equal to the average aerospace/defense industry P/E ratio and above the S&P 500 P/E ratio of 17.7. Shares are down 32.5% year to date as of the close of trading on Friday.

TheStreet Ratings rates CPI Aerostructures as a buy. The company's strengths can be seen in multiple areas, such as its revenue growth, increase in net income, largely solid financial position with reasonable debt levels by most measures, solid stock price performance and growth in earnings per share. We feel these strengths outweigh the fact that the company has had somewhat disappointing return on equity.

On the negative front, GenCorp Inc ( GY), Edac Technologies Corporation ( EDAC), AAR ( AIR), and BE Aerospace Inc ( BEAV) were all losers within the aerospace/defense industry with Spirit AeroSystems Holdings Inc ( SPR) being today's aerospace/defense industry Loser Spotlight stock.

For investors not wanting singular stock exposure, ETFs may be of interest. Investors who are bullish on the aerospace/defense industry could consider iShares DJ US Aerospace & Def Idx ( ITA) while those bearish on the aerospace/defense industry could consider ProShares Short Dow 30 ( DOG).