Investors should note that aerospace and defense companies offer promising dividends that provide growth in bull markets and give investors a cushion in bear markets, writes Selena Maranjian for The Motley Fool.

That said, the current yields on PowerShares Aerospace & Defense (NYSEArca: PPA) and iShares Dow Jones U.S. Aerospace & Defense (NYSEArca: ITA) aren’t all that hot – both are around 1.2%. Their performance, on the other hand, has been pretty nice over the short- and long-term and both are about 9% above their long-term trend lines.

For more information on the aerospace & defense industries, visit our aerospace & defense category.

Max Chen contributed to this article.