The aerospace/defense industry closed the day down 0.4%. American Defense Systems Inc ( EAG), Teledyne Technologies Inc ( TDY), Esterline Technologies ( ESL), and Force Protection Inc ( FRPT) were all decliners today within the aerospace/defense industry with FLIR Systems Inc ( FLIR) being today's featured aerospace/defense loser. FLIR Systems Inc fell 46 cents (-1.7%) to $27.22 on light volume. Throughout the day, 1.3 million shares of FLIR Systems Inc exchanged hands as compared to its average daily volume of 1.8 million shares.

FLIR Systems, Inc. designs, manufactures, and markets thermal imaging systems worldwide. The company operates through two divisions, Commercial Systems and Government Systems. FLIR Systems Inc has a market cap of $4.2 billion and is part of the industrial goods sector. The company has a P/E ratio of 20, 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 7% year to date as of the close of trading on Thursday.

TheStreet Ratings rates FLIR Systems as a hold. The company's strengths can be seen in multiple areas, such as its increase in net income, revenue growth and largely solid financial position with reasonable debt levels by most measures. However, as a counter to these strengths, we also find weaknesses including premium valuation, disappointing return on equity and feeble growth in the company's earnings per share.

On the positive front, Sifco Industries Inc ( SIF), Textron Inc ( TXT), TAT Technologies ( TATT), and Curtiss-Wright Corporation ( CW) were all gainers within the aerospace/defense industry with Boeing ( BA) 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).