On today’s Strategy Series program, sponsored by General Atomics Aeronautical Systems, Eric Fanning, the president and CEO of the Aerospace Industries Association, joins Defense & Aerospace Report Editor Vago Muradian to discuss the dynamic as the House and Senate deliberate the Trump administration’s 2027 defense budget request; how $1.5 trillion in planned defense spending can be compacted into $1.15 trillion if the $350 billion reconciliation package fails; the Iran war supplemental outlook as Washington and Tehran strike a ceasefire; how the Pentagon can spend so much more money when it doesn’t have enough contracting officers to spend last year’s Big Beautiful Bill funding; President Trump’s latest call to meet with defense industry executives to accelerate defense production; update on Pentagon efforts to reform the defense acquisition system; congressional efforts to translate the president’s executive order on share buybacks into legislation, “right to repair,” and attract new defense competitors.