U.S. defense spending bonanza puts niche acquisitions in play

WASHINGTON (Reuters) - Rising U.S. government spending on the Pentagon is fueling a spree of deal making among defense companies. The U.S. Republican party’s willingness to boost the Pentagon’s budget to nearly $700 billion last year, helped by December’s corporate tax cuts, is also pushing up valuations for even lesser known companies in the sector and making sellers more willing to entertain ...