, Columnist
Party Time for the Weapons Industry
Defense company valuations are soaring.
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Defense manufacturers gathering at a sweltering Paris Air Show this week are feeling pretty chipper about business. Even if that's a sign for the rest of us to bunker down.
Amid terror in Europe, conflict in the Middle East and a rise in state-sponsored cyber-attacks, several nations had already begun to ratchet up defense spending again after a period of tighter budgets. And now, of course, there’s President Donald Trump, whose seemingly fragile ego and ignorance of geopolitics doesn't exactly lessen the chances of international conflagration.