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At equinore. UK. Good morning from the Financial Times. Today is Monday, August 26th, and this is your

FT news briefing. It looks like the global defense industry will soon be sitting on a record amount of cash.

And speaking of money, small dollar donors are reshaping the race for U.S. President.

Plus, computer coding might just be the first killer app

for artificial intelligence.

A killer app is basically the most valuable application

to come out of a technology. So it's kind of like the one

thing that makes the entire technology worth it. I'm Kasha Bursalian and

here's the news you need to start your day. Top defense contractors are about to be swimming in cash.

Governments around the world are placing big orders for weapons.

That's thanks to a lot of geopolitical uncertainty these days.

And it means that the world's biggest aerospace and defense companies

are set to reap the benefits.

To the tune of about 52 billion dollars by the end of

2026.

The thing is though, these companies aren't quite sure what to do with all that money.

You see, it typically takes a few years for new contracts

to translate into weapons sales. And meanwhile, it isn't exactly normal to be holding

this much cash on their balance sheets.

So a lot of these companies are either turning to share buybacks or looking around for

...