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Anyone will tell you this is the most important election in U.S. history ― unless they happen to run a major American defense firm.
In earnings call after earnings call, defense industry executives projected calm ahead of Tuesday’s election, mainly because they see the coronavirus pandemic carrying greater uncertainty (especially for firms with commercial aviation businesses). But another reason is that, despite wide projections of flat 2021 defense budgets no matter who controls the White House, industry is confident in the Pentagon’s commitment to modernization. Read More…
