L-3 Communications Holdings Inc ( LLL) pushed the Aerospace/Defense industry lower today making it today's featured Aerospace/Defense loser. The industry as a whole closed the day down 1.1%. By the end of trading, L-3 Communications Holdings Inc fell $1.95 (-2.8%) to $67.79 on light volume. Throughout the day, 498,640 shares of L-3 Communications Holdings Inc exchanged hands as compared to its average daily volume of 1.1 million shares. The stock ranged in price between $67.77-$69.01 after having opened the day at $68.66 as compared to the previous trading day's close of $69.74. Other company's within the Aerospace/Defense industry that declined today were: Embraer S.A ( ERJ), down 4.7%, Textron Inc ( TXT), down 4.3%, Force Protection Inc ( FRPT), down 4.2%, and Ducommun Inc ( DCO), down 4.2%.

L-3 Communications Holdings, Inc. provides command, control, communications, intelligence, surveillance, and reconnaissance (C3ISR) systems; aircraft modernization and maintenance; and government services in the United States and internationally. L-3 Communications Holdings Inc has a market cap of $7.3 billion and is part of the industrial goods sector. The company has a P/E ratio of 7.9, below the average aerospace/defense industry P/E ratio of 8.1 and below the S&P 500 P/E ratio of 17.7. Shares are down 2% year to date as of the close of trading on Friday.

TheStreet Ratings rates L-3 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 unimpressive growth in net income and a generally disappointing performance in the stock itself.

On the positive front, American Defense Systems Inc ( EAG), up 25.7%, Breeze-Eastern Corporation ( BZC), up 4.5%, and Taser International Inc ( TASR), up 2.7%, were all gainers within the aerospace/defense industry with Lockheed Martin Corporation ( LMT) 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).