In case you missed it, global investors have not responded well to the U.K.’s vote to leave the EU—universally dubbed “Brexit.” Trillions have been wiped off equity valuations, and the pound has slumped to the lowest point in decades. Aerospace and defense companies have not been immune to the turmoil and, similar to other sectors, investors are trying to figure out what the broader ramifications of Brexit will be and whether the market has appropriately priced this ...

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