Yep. Same thing here as well.
As a side issue, looking at the code, the player also gets a varying amount of protection to all ships, but the screen doesn't inform the player.
The hidden benefits are:
B: .2 multiplier to armor of all ships.
P: .05 multiplier to armor of all ships.
M: Nada (which fits the flavor text)
FWIW. the Colonization Event Text itself is spelled correctly. 