Why do people want to do A&D investing?

For all those that have considered and/or have an interest in private equity within Aerospace & Defense. I am curious as to why someone would be interested in doing this.

Even for a sector as niche as FIG has some very obvious or common reasons such as: - Deal flow even during down cycle - Financial companies are intertwined with the economy - Difficult and technical asset class given the product is intangible

Appreciate anyone that could shed some light on this, thanks.

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