The aerospace/defense industry closed the day down 1%. American Defense Systems Inc ( EAG), TAT Technologies ( TATT), CAE Inc ( CAE), and Aerovironment Incorporated ( AVAV) were all winners today within the aerospace/defense industry with Embraer S.A ( ERJ) being today's featured aerospace/defense winner. Embraer S.A rose 52 cents (1.9%) to $28.07 on light volume. Throughout the day, 1.1 million shares of Embraer S.A exchanged hands as compared to its average daily volume of 1.7 million shares. Embraer S.A. engages in the development, production, and sale of jet and turboprop aircraft for civil and defense aviation markets. Embraer S.A has a market cap of $4.9 billion and is part of the industrial goods sector. The company has a P/E ratio of 15.2, above the average aerospace/defense industry P/E ratio of 11.3 and below the S&P 500 P/E ratio of 17.7. Shares are down 9.6% year to date as of the close of trading on Tuesday. TheStreet Ratings rates Embraer as a buy. The company's strengths can be seen in multiple areas, such as its impressive record of earnings per share growth, compelling growth in net income, revenue growth, attractive valuation levels and largely solid financial position with reasonable debt levels by most measures. We feel these strengths outweigh the fact that the company shows weak operating cash flow.