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The aerospace and defense industry is on pace for a fourth straight year of record shipments of commercial and military products, although orders and backlog so far this year have declined compared to the first nine months of 2014, the Aerospace Industries Association (AIA) reports in its annual year-end summation on the state of the industry.Unlike past years when AIA provided current year sales estimates and revenue forecast for the next year, the association is just reporting facts as they…
