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Fat order books covering several years of sales have made European aerospace and defense firms a winning bet as a slowing economy and political instability have clouded prospects for the region’s equity market.

The sector’s stock prices have been hitting record highs, even as investors become more wary of European economic growth falling from its peak and as fears of a global trade war put other big multinational industrial stocks in the crosshairs.

For many investment funds, the aerospace and defense sector is more insulated from the economic cycle as it works through a huge backlog of orders and fractious geopolitics spur demand for military equipment…

Read more : Reuters, 20.06.2018