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    After decades of working with defense technology companies, I know the ebb and flow of military spending all too well.

    I remember that when the Cold War came to an end, the nation's political leaders were talking enthusiastically about the so-called "peace dividend."

    That's Washington-speak for Pentagon budget cuts that always seem to come after a major conflict has ended.

    Many investors believe that with our presence in Iraq largely gone, defense firms will offer mediocre returns at best.

    I'm not buying into it. I think massive profit opportunities are there. And the market and the government are lining up behind them... Full Story

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