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The forecast for completion of the 15 largest defence projects increased by £466m last year alone.
Would it not make sense in a recession to increase the number of UK-based defence projects?
The British and French governments will announce deals on nuclear power, space co-operation and defence projects at the summit.
It may welcome having a stronger rival to Boeing and other big American prime contractors on the largest defence projects.
Clearly, with less available cash, governments are almost bound to cut back or delay defence projects if they can.
Moreover, Britain does not waste billions of pounds each year on dubious defence projects and militaristic self-indulgence, and is better able to spend the money elsewhere.
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One £180m floods defence project was scrapped in Leeds, for example.
But now there's an alternative strategy being touted by a body called the Emergency Asteroid Defence Project (EADP).
There is an excellent small role for Robert Redford as charismatic politician Alexander Pierce, nursing a top-secret new defence project.
Europe cannot quite offer that assurance, because the desire to give the EU more substance is, indeed, part and parcel of the defence project.
The French, mindful of British Euroscepticism, are taking care not to push Europe's nascent defence project too hard before Britain ratifies the Lisbon treaty this summer.
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CEO of Professional Science Editing for Scientists @ prosciediting.com