Howard Ward's Gamco Growth Fund includes tech names you'd expect, like Apple and Google. Ward is also betting heavily on a sector not typically associated with growth-aerospace. What attracts Ward is the industry's long lead times, global reach and the fact that the aerospace cycle is starting to take off."It's pretty straightforward," he says. "If you're looking for strong EPS [earnings per share] growth in 2011 and 2012, with a high degree of certainty, aerospace fits the bill."No question, aerospace can be bumpy. Between the bottom of the last aerospace cycle in 2003 and the peak six years later, annual commercial airplane deliveries rose nearly 60% to 914 craft. Now growing again, deliveries should rise around 8% annually over the next three years, analysts predict.
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