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Succinctly, they are:
1) Lots of mergers and acquisitions (M&A) activity in the sector (for example, Northrop Grummans $7.8 billion buyout of aerospace company Orbital ATK)
2) The prospect of more U.S. troops being deployed to the Middle East
3) Strong sector fundamentals
4) The passing of a $700 billion defense bill by the Senate for war spending and the production of 94 F-35 Lightning II jets.
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