The aerospace/defense industry closed the day up 0.3%. Orbital Sciences Corporation ( ORB), Astrotech ( ASTC), Edac Technologies Corporation ( EDAC), and Heico Corporation ( HEI.A) were all winners today within the aerospace/defense industry with General Dynamics ( GD) being today's featured aerospace/defense winner. General Dynamics rose 68 cents (1.1%) to $63.15 on light volume. Throughout the day, two 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 $22.7 billion and is part of the industrial goods sector. The company has a P/E ratio of 8.9, 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 12% 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 negative front, American Defense Systems Inc ( EAG), Breeze-Eastern Corporation ( BZC), CPI Aerostructures Inc ( CVU), and Embraer S.A ( ERJ) were all losers within the aerospace/defense industry with Textron Inc ( TXT) 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).