Defense & Aerospace Report

On this episode of the Defense & Aerospace Report Strategy Series, sponsored by General Atomics Aeronautical Systems, Dr. Dov Zakheim of the Center for Strategic and International Studies and a commissioner on the bi-partisan, bi-cameral National Security Commission on Emerging Biotechnology joins Defense & Aerospace Report Editor Vago Muradian to discuss the commission’s final report released last week, “Charting the Future of Biotechnology.”

On today’s program, sponsored by HII, Chris Servello, co-host of our Cavas Ships podcast, joins Defense & Aerospace Report Editor Vago Muradian to discuss takeaways from the Navy League’s annual Sea-Air-Space conference and tradeshow last week; and Byron Callan of the independent Washington research firm Capital Alpha Partners discusses the continuing defense and aerospace implications of President Trump’s pause on sweeping tariffs for 90 days as he ratcheted up taxes on Chinese goods; Beijing’s retaliation that includes restricting rare earth elements and permanent magnets; executive orders on US export control reform, a maritime strategy and acquisition and program reforms; and a look at the week ahead.

On this week’s Defense & Aerospace Report Business Roundtable, sponsored by Bell, Dr. “Rocket” Ron Epstein of Bank of America Securities, Sash Tusa of the independent equity research firm Agency Partners, and Richard Aboulafia of the AeroDynamic advisory consultancy join host Vago Muradian to discuss a roller coaster week for world markets as a selloff in US bonds prompted President Trump to pause for 90 days the tariffs he imposed last week; the 10 percent across the board tariffs as well as a 25 percent surcharge on steel and aluminum the president retained; China tariffs of about 150 percent and Beijing retaliation; the bond sell off as yields rose from 3.9 to 4.5 percent and what that means as Congress prepares to borrow more money as lawmakers seek to raise America’s borrowing to cover a massive tax cut package; Delta rescinded its guidance in the fact of uncertainty; Defense Secretary Pete Hegseth’s decision to cancel $5 billion in services contracts; the outlook for US services firms as the government workforce is culled; the administration’s move to halve NASA’s science budget; how US efforts to normalize relations and trade with Russia will impact aerospace markets; the British government’s decision to keep open a steel plant in Scunthorpe; Indonesia’s interest in partnering with Turkey on the Kaan fighter and a new submarine program; and Boeing NGAD investment in St Louis.

On this week’s Defense & Aerospace Report Washington Roundtable, Dr. Patrick Cronin of the Hudson Institute think tank, Michael Herson of American Defense International, former Pentagon Europe chief Jim Townsend now with the Center for a New American Security, and former Pentagon comptroller Dr. Dov Zakheim of the Center for Strategic and International Studies join Defense & Aerospace Report Editor Vago Muradian to discuss the crash in worldwide markets and the US bond market in the wake of President Trump’s tariffs; how an unprecedented US bond selloff and spike in US borrowing rates drove the president to freeze tariffs for 90 days, but raise tariffs on China and demand Beijing call him to make a deal; instead, China retaliated by imposing tariffs on American goods and blocking rare earth mineral exports, stressing they will win a trade war and any other kind of war with America; Republicans lawmakers are driving a $5 trillion tax cut package just as US borrowing rates are going up; Defense Secretary Pete Hegseth cancelled $5 billion in contracts and fired the commander of the Pittufik Space Base for allegedly criticizing Vice President Vance as the administration steps up secret planning to acquire Greenland; recommendations for Lt Gen Dan Caine as the Senate confirms the US Air Force officer as the nation’s next chairman of the joint chiefs; Ukraine surges war production and says it captured Chinese soldiers fighting for Russia; and Bibi Netanyahu visits Washington where he is pressured by Trump to not attack Iran and end the Gaza war and Israeli forces cut aid and work for drive Gazans out of the enclave.

Where do airpower, charity, and bourbon intersect? Retired E-2 Hawkeye legend Rear Admiral Scott Sanders has the answer. And CSIS’s Dr. Tom Karako joins us with the latest on air and missile defense, especially Golden Dome. All powered by GE!

On this episode of the Defense & Aerospace Report Strategy Series, sponsored by General Atomics Aeronautical Systems, Becca Wasser and Phil Sheers of the Center for a New American Security join Defense & Aerospace Report Editor Vago Muradian to discuss the new report they coauthored “From Production Lines to Front Lines: Revitalizing the U.S. Defense Industrial Base for Future Great Power Conflict.”

Scott Forney, the president of General Atomics Electromagnetic Systems, joins Defense & Aerospace Report Editor Vago Muradian to discuss how the electromagnetic catapults and advanced arresting gear developed and made for the first of the Ford class are being improved for subsequent ships; gauging the progress of Chinese efforts to field electromagnetic systems on their carriers; lessons from electromagnetic catapults and arresting gear that are improving other capabilities and products; the Long-Range Maneuvering Projectile; the partnership with RAFAEL to develop the Bullseye precision cruise missile that leverages of the Israeli company’s Icebreaker weapon; work the company is doing on fission power; role in the Trump administration’s “Giolden Dome” air and missile defense system; impact of Trump’s tariffs on performance and more.

On today’s program, sponsored by HII, Nick Waite, a director at Clarion Defence producing the Apex Innovation Conference April 23-24, 2025, at the Gaylord National Harbor outside Washington, DC, joins Defense & Aerospace Report Editor Vago Muradian to discuss the upcoming event from agenda and speakers to a discount for listeners of our show; and Byron Callan of the independent Washington research firm Capital Alpha Partners discusses the strategic and defense implications of President Trump’s sweeping tariffs including that China was not deterred from imposing sanctions of its own on the United States; whether foreign defense and aerospace firms will grow their US industrial footprint; the changing nature of manufacturing and why returning the industrial workforce to past levels is implausible; the outlook for US defense spending as the Senate proposes $100 billion in additional funding over the coming years; Defense Secretary Pete Hegseth’s decision to skip the Ukraine Contact Group to attend Central American Security Conference; likelihood of US-Israel strike on Iran’s nuclear facilities in the wake of recent news reports of impending attack and staging of B-2 Spirit bombers in Diego Garcia; what to expect from the Navy League’s Sea-Air-Space conference and tradeshow April 7-9; and a look at the week ahead.

***APEX Discount CODE for Defense & Aerospace listeners-- 25% off conference passes.

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On this week’s Defense & Aerospace Report Business Roundtable, sponsored by Bell, Dr. “Rocket” Ron Epstein of Bank of America Securities, Sash Tusa of the independent equity research firm Agency Partners, and Richard Aboulafia of the AeroDynamic advisory consultancy join host Vago Muradian to discuss global market reaction to President Trump’s sweeping tariffs that are being compared by economists as the largest abrupt tax hikes since the Vietnam war if not World War 2; how aerospace and defense stocks fared as the Standard & Poor’s 500 lost 10 percent of its value in two days driving markets to their worst day since 2020; despite a warning by Treasury Secretary Scott Bessent that nations not retaliate otherwise they would face higher tariffs, nations retaliated anyway including China that blocked rare earth exports to the United States; Federal Reserve Chairman Jerome Powell dryly noted that tariffs risk higher inflation and lower economic growth; despite the loss of nearly $6 trillion in market value and damage to America’s reputation as a financial safe harbor, administration officials continued to make the case that the American economy was in tough shape and in dire need of shock therapy even though US stock values hit highs in February; JPMorgan estimated a 60 percent chance of recession this year with some economists worrying about a depression; as aerospace and defense suppliers scramble to cope with Washington’s new tax, Howmet was the first major aerospace firm to declare the tariffs a force majeure event and warn customers it might not be able to deliver as a consequence; and whether defense contracts would be spared from tariffs and how programs cots could be impacted.

On this week’s Defense & Aerospace Report Washington Roundtable, Dr. Patrick Cronin of the Hudson Institute think tank, Michael Herson of American Defense International, former Pentagon Europe chief Jim Townsend now with the Center for a New American Security, and former Pentagon comptroller Dr. Dov Zakheim of the Center for Strategic and International Studies join Defense & Aerospace Report Editor Vago Muradian to discuss President Trump’s tariffs on nations worldwide — driving markets to their worst day since 2020 — as Treasury Secretary Scott Bessent warns nations not to retaliate otherwise they will face higher tariffs; president’s decision to fire three National Security Council staffers and NSA Director Gen. Tim Haugh and his deputy at conservative activist Laura Loomer’s request; Republican lawmakers near reconciliation measure to cut cuts and government spending as well as give the Pentagon more money; House Speaker Mike Johnson weakens his own grip on power over whether lawmakers with young children can vote remotely backfires; Sen. Cory Booker, D-NJ, speaks for 25 straight hours to inspire Democrats; Senate Foreign Relations Committee Democrats revolt with ranking member Sen. Jean Shaheen, D-NH, overheard telling her Chairman Jim Risch, R-ID, she’s tired of Trump running the committee; days after his vice president lambasted Denmark’s stewardship of Greenland, Trump said he wouldn’t rule out force to take the island; as it pressures Ukraine, Washington hosted Russia’s sovereign wealth fund boss Kirill Dmitriev; Beijing tests a new amphibious capability as it stepped up wargames around Taiwan; and Israel takes more territory in Gaza as a new chief of defense staff, Lt. Gen. Eyal Zamir adopts a new strategy to take a hold territory but also play a direct role in humanitarian aid as Gazans protest Hamas and its brutality and Prime Minister Bibi Netanyahu continues efforts to subordinate the judiciary and security services.