Investopedia: 2011 In Review - Industrials Show Some Rust

In a market where it is hard to find a lot of notable winners, industrials had a fairly difficult 2011. Although real-time results have stayed pretty strong, more and more companies have warned the Street that the easy times are over and that growth rates are going to start normalizing to more modest numbers. Making things worse, Europe is gasping and wheezing as its largest banks struggle with their capital and growth in emerging markets seems to be slowing.

A Few Pockets of Strength  
There weren't a lot of strong stories this year, but there were a few and a lot of them were in the aerospace and defense sector. Boeing (NYSE:BA), for instance, has risen almost 10 and 12%  this year, as commercial shipments are finally picking up with the introduction of new aircraft. Lockheed Martin (NYSE:LMT) has likewise delivered a positive year, despite fears of large government spending cutbacks. Goodrich (NYSE:GR) far and away takes the top prize, though, as its impending buyout by United Technologies (NYSE:UTX) has driven the stock to over 40% returns this year. (For related reading, see Understanding Leveraged Buyouts.)

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