I think this is a shockingly good example of how smart people get security questions utterly wrong. The right analogy when it comes to security has to involve some type of adversary, not just random, unmotivated natural phenomena -- as long as we're using aircraft analogies, it's not so much "a meteorite might randomly hit my plane in flight" as "there's angry and armed people shooting at my plane with armour-piercing ammunition".
Indeed, in the real world, putting hundreds of kilograms of armour on aircraft isn't the absurd/childish idea Linus seems to think it is:
https://en.wikipedia.org/wiki/Fairchild_Republic_A-10_Thunde...