The aerospace/defense industry closed the day down 0.7%. American Defense Systems Inc ( EAG), Force Protection Inc ( FRPT), GenCorp Inc ( GY), and Elbit Systems ( ESLT) were all decliners today within the aerospace/defense industry with General Dynamics ( GD) being today's featured aerospace/defense loser. General Dynamics fell 71 cents (-1.1%) to $61.81 on light volume. Throughout the day, 1.3 million shares of General Dynamics exchanged hands as compared to its average daily volume of 2.7 million shares.

General Dynamics Corporation provides business aviation, combat vehicles, weapons systems and munitions, military and commercial shipbuilding, and communications and information technology products and services worldwide. General Dynamics has a market cap of $22.2 billion and is part of the industrial goods sector. The company has a P/E ratio of 8.8, equal to the average aerospace/defense industry P/E ratio and below the S&P 500 P/E ratio of 17.7. Shares are down 11.9% year to date as of the close of trading on Wednesday.

TheStreet Ratings rates General Dynamics as a hold. The company's strengths can be seen in multiple areas, such as its growth in earnings per share, attractive valuation levels and good cash flow from operations. However, as a counter to these strengths, we also find weaknesses including a generally disappointing performance in the stock itself and poor profit margins.

On the positive front, TAT Technologies ( TATT) and Astrotech ( ASTC) were all gainers within the aerospace/defense industry with Hexcel Corporation ( HXL) being today's featured aerospace/defense industry winner.

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).