The results of the Nov. 8 U.S. election were greeted warmly by defense shareholders. From the close of trading on Election Day through Nov. 11, the largest U.S. and European companies saw their stock prices increase 8-9%. Some U.S. defense services companies, notably Engility and Vectrus, saw even higher gains, up 27% and 30%, respectively. The market response was global: The stock price of South Korean defense electronics company Victek rose 20%, and the price of Turkey’s Aselsan ...

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