Defense & Aerospace Report

On today’s program, sponsored by HII, Byron Callan of the independent Washington research firm Capital Alpha Partners discusses the Senate Armed Services Committee’s decision to increase proposed 2025 defense spending by $25 billion — $30 billion less than Ranking Member Sen. Roger Wicker proposed in his recent plan — to more quickly improve US military capabilities to better deter China and Russia — and whether the added funding will also be approved by the House that just passed its $895 billion National Defense Authorization Act, the Air Force recently equivocation about its centerpiece Next Generation Air Dominance program and tight 2026 budget and threat factors that may be driving the change, implications of the rise of the hard right particularly French right on European defense, takeaways from the G7 meeting in Italy, and a look at the week ahead with Defense & Aerospace Report Editor Vago Muradian.

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 discuss Wall Street holds gains as defense and aerospace stocks are battered, European markets plunge after far right political parties fared in European Parliament elections prompting French President Emmanuel Macron to announce a snap election, facing budget pressures the US Air Force is considering slowing or even cancelling its centerpiece Next-Generation Air Dominance program just weeks before picking whether Boeing or Lockheed Martin will win the contract prompting frustration across companies that invested billions of dollars in technology to win and facilities to execute the program, the FAA investigates fake titanium parts from a Chinese supplier that made it into Airbus and Boeing jetliners, the G7 toughens its stance on Russia and China as Vladimir Putin vows retaliation, takeaways from the ILA Airshow in Berlin and what to expect from the Eurosatory ground systems show in Paris next week.

On this week’s Defense & Aerospace Report Washington Roundtable, Dr. Patrick Cronin of the Hudson Institute think tank, Michael Herson of American Defense International, and former Pentagon Comptroller Dr. Dov Zakheim join host Vago Muradian to discuss the House Armed Services Committee’s $895 billion National Defense Authorization Act that includes “poison pills for Democrats,” the House’s defense appropriations measure as the Senate Armed Services Committee finishes marking its version of the NDAA, speculation that pressures in the 2026 budget that’s now under construction is forcing the US Air Force to reconsider its flagship Next-Generation Air Dominance program, former President Trump’s meeting with GOP lawmakers on Capitol Hill as they vow revenge against the justice system and hold Attorney General Merrick Garland in contempt, a consequential G7 meeting that provides $50 billion in assistance to Ukraine backed by seized Russian assets, new sanctions on Russia, the new 10-year security pact signed by President Biden and Ukrainian President Volodymyr Zelenskyy, Vladimir Putin vows retaliation saying the West has “crossed the point of no return” while sending a frigate and submarine to Cuba to intimate Washington as the US Navy docks the attack submarine USS Helena at Guantanamo Bay, China harasses a Dutch ship in the East China Sea, and what’s next as Israel presses ahead with its Gaza campaign and Hezbollah increases rocket fire into Northern Israel.

Hot wars mean a very hot air power market. Fortunately, the number one aerospace market analyst in the world just happens to be our friend Richard Aboulafia of the AeroDynamic Advisory consultancy. We focus his global strategic expertise on airpower, with illuminating results.  Powered by GE!

Amb. Jim Cunningham, former ambassador to Afghanistan, Israel, the United Nations, and consul general to Hong Kong and Macau, discusses the flaws with Israel’s strategy against Hamas in Gaza that’s undermined global support for the Jewish state, whether the damage is lasting, the importance of a two-state solution to lasting peace and implications of a one-state solution, whether Israeli strategy would change under new leadership in Jerusalem and why American efforts to pressure Israel are so difficult, and countering Iran’s malign efforts in the region and beyond as Tehran grows steadily more emboldened as it inches closer to a nuclear capability with Defense & Aerospace Report Editor Vago Muradian.

On this episode of the Defense & Aerospace Report Strategy Series, sponsored by General Atomics Aeronautical Systems, Amb. Bob Blackwill, a retired American diplomat and former ambassador to India who is now the Henry A. Kissinger senior fellow for foreign policy at the Council on Foreign Relations, and Richard Fontaine, the president and CEO of the Center for a New American Security discuss their new book — Lost Decade: The US Pivot to Asia and the Rise of Chinese Power — that dissects the Obama administration’s Asia Pivot that wasn’t and the gains that China has made over the past decade as a case for a more holistic US grand strategy toward Beijing and the world with Defense & Aerospace Report Editor Vago Muradian.

On today’s program, sponsored by HII, Byron Callan of the independent Washington research firm Capital Alpha Partners discusses Senate Armed Services Committee Ranking Member Se. Roger Wicker’s plan to quickly bolster US military capabilities to better deter China and Russia, whether the plan stands a change of success and outlook for defense authorizations and appropriations through the end of the year, the role of allies and partners in bolstering American and allied capabilities, look ahead to the G7 summit in Bari, Italy, defense and aerospace implications of far right gains in EU parliamentary elections that prompted French President Emmanuel Macron to call snap election, and a look at the week ahead with Defense & Aerospace Report Editor Vago Muradian.

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 discuss aerospace and defense stock performance on Wall Street on stronger than expected US jobs growth dampens prospect of rapid interest rate cuts as the European Central Bank cuts borrowing rates; Airbus, Boeing and Embraer report May deliveries; Boeing’s CEO Dave Calhoun to testify before Congress on June 18 as the company’s Starliner spacecraft makes its maiden launch to orbit; SpaceX’s giant Starship makes its fourth and most successful flight; Chemring issues results and Kongsberg holds its capital markets day; more Eurofighters for Germany, more F-35s for Israel and France pledges Mirage jets to Ukraine; our team’s takeaways from visits to Poland and Washington; and the legacy of Apollo 8 astronaut and former General Dynamics Chairman and CEO Bill Anders who died June 7 at age 90 when his T-34 crashed in Washington state.

On this week’s Defense & Aerospace Report Washington Roundtable, Dr. Patrick Cronin of the Hudson Institute think tank, Michael Herson of the American Defense International lobbying firm, former Pentagon Europe chief Jim Townsend of the Center for a New American Security, and former Pentagon Comptroller Dr. Dov Zakheim join host Vago Muradian to discuss the House and Senate’s defense budget moves and whether House amendments will stymie progress, prospects for SASC Ranking Member Sen. Roger Wicker’s proposal to dramatically increase defense spending, appropriations update, controversial new members for the House Intelligence and Armed Services Committees, President Biden and French President Emmanuel Macron make a powerful case why the democracies must continue to battle autocracies on the 80th anniversary of the D-Day landings as a week after his felony conviction Donald Trump and the GOP leadership vow retaliation against the legal system and the former president’s opponents, Biden issues an executive order that closes the border to asylum seekers, Ukraine uses US weapons to weaken Russia’s hold on Crimea, India’s Narendra Modi is reelected to a third term, but his Bharatiya Janata Party loses seats, rising tensions on the Korean Peninsula, and Israel increases the past of its Gaza operation in the face of rising civilian casualties and increasing international pressure as Bibi Netanyahu continues to cling to power.

This week, we look at today’s airpower and yesterday’s. Dr. Tom Karako of CSIS brings us current on air and missile defense in the Middle East, Ukraine, and elsewhere. And a new monument to an American airman you may not have heard of; Kevin Billings joins us with the story of London’s new Billy Fiske memorial. Plus airpower headlines. Powered by GE!