A busy year in airpower ends, but there’s more to come. We look back and forward with John Tirpak, eminence emeritus of Air and Space Forces magazine, and Stephen Trimble, defense editor of Aviation Week and Space Technology. Plus this week’s headlines in airpower!

Powered, as all good things are, by GE.

On today’s program, sponsored by Elbit America, Dr. Jim Lewis of the Center for European Policy Analysis and Mark Montgomery, a retired US Navy rear admiral who is now the senior director of the Center on Cyber and Technology Innovation at the Foundation for Defense of Democracies and Cyberspace Solarium Commission senior advisor join Defense & Aerospace Report Editor Vago Muradian to review the year in cyber and technology.

On today’s Land Warfare program, sponsored by American Rheinmetall, Sam Bendett of the Center for Naval Analyses and Dr. Eugene Rumer, the director of the Russia and Eurasia program at the Carnegie Endowment for International Peace, join Defense & Aerospace Report Editor Vago Muradian to discuss prospects to end the fighting in Ukraine as Western powers including the United States suggest security guarantees in exchange for Kyiv renouncing NATO membership as Russia rejects foreign troops on Ukrainian soil and continues to demand Ukraine hand over all of Donbass; the dynamics on the battlefield as Volodymy Zelensky visits Kupiansk that Russian forces say they occupied and how Ukrainian forces continue to defend Pokrovsk; whether the Vladimir Putin’s regime is as vulnerable as Western analysts suggest; Kyiv’s use of unmanned craft to strike Russia’s “shadow fleet” at sea and a Kilo-class conventionally powered submarine in Novorossiysk; stories in 2025 that didn’t get the attention they deserved; and the storylines to track in the coming year as the Ukraine war entered its fourth year.

On today’s Look Ahead program, sponsored by HII, Byron Callan of the independent Washington research firm Capital Alpha Partners and Cavas Ships podcast co-host Chris Servello join Defense & Aerospace Report Editor Vago Muradian to discuss the House’s $900 billion version of the National Defense Authorization Act; what’s next for US Navy shipbuilding now that the service has cancelled the Constellation-class frigate; the big events of 2025 that will shape 2026; and a look at the weeks ahead.

On this week’s Defense & Aerospace Report Business Roundtable, sponsored by Bell, Dr. “Rocket” Ron Epstein of Bank of America Securities and Richard Aboulafia of the AeroDynamic advisory consultancy join host Vago Muradian to discuss a week on Wall Street; the House’s version of the National Defense Authorization Act; implications of US efforts to push Ukraine to ceasefire that now appears to include Kyiv giving up on NATO membership in exchange for Western security guarantees; outlook for the SCAF next-generation air program as French, German and Spanish defense ministers meet in advance of meeting next week between President Emmanuel Macron and Chancellor Friedrich Merz; the GCAP consortium’s invitation that Canada join Britain, Italy and Japan in developing a family of next generation air systems; Boeing closes its $8.3 billion acquisition of Spirit AeroSystems as the company’s Air Force One program is delayed another year to mid 2028 and the Federal Aviation Administration reviews the proposed angle of attack alert system for 737 Max 10 jets; SpaceX prepares its IPO the company could be working $800 billion; and JP Morgan Chase hires Berkshire Hathaway’s Todd Combs and recruits veteran advisers including Jeff Bezos, Michael Dell, Ford CEO Jim Farley, former Defense Secretary Mark Esper, former Secretary of State Condoleezza Rice and retired Gen. Dave Petreaus to oversee bank’s $1.5 trillion Security and Resilience Initiative investment fund.

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 DoD Europe chief Jim Townsend of the Center for a New American Security, and Pentagon comptroller Dr. Dov Zakheim of the Center for Strategic and International Studies join Defense & Aerospace Report Editor Vago Muradian to discuss passage of the House’s version of the $900 billion National Defense Authorization Act that includes $8 billion more than the administration requested as the Senate decides against extending Obamacare subsidies raising the prospect of another government shutdown in January after the current continuing resolution that ended the last record shutdown expires; Ukraine’s partnership with European allies to blunt US demands that Kyiv meet Moscow’s demands by handling over the whole Donbas to Russia as President Trump steps up his attacks on Europe as “weak” and “decaying” in the wake of his National Security Strategy that made clear Washington sees European allies as a bigger threat than Russia; Germany’s drive to become Europe’s largest army and France’s army chief says the nation must prepare itself to sacrifice its children to defend itself as NATO Secretary General Mark Rutte warned that Europe is Russia’s next target within five years and nations should prepare for war on a scale not seen since World War II as Britain’s attack subs suffer from low availability; China and Russia work together in air and naval maneuvers aimed at pressuring Japan and the United States as Washington approves the export of NVIDIA’s H200 chips to China; the Lowy Institute’s latest Power Index that finds China, North Korea and Russia have risen in the ranks as America has declined; and the 40th Australia-US Ministerial that says “full speed ahead” on the AUKUS partnership.

This week, it’s China, China, China. How has the pacing threat changed in 2025, and what’s ahead in 2026? We hear from Dr. Brendan Mulvaney, Director of the China Aerospace Studies Institute at National Defense University, about systems, strategy, and more. Plus a bumper crop of #airpower headlines. Powered by GE!

On this month’s innovation conversation to highlight key topics in the countdown to the Apex technology and innovation conference  Jan 27-28, 2026, in Washington, sponsored by Clarion Defence, Dr. Seth Jones, the president of the defense and security department and the Harold Brown chair at the Center for Strategic and International Studies, joins Defense & Aerospace Report Editor Vago Muradian to discuss his new book — “The American Edge: The Military Tech Nexus and the Sources of Great Power Dominance” — the nature of the threat posed by China to focus modernization efforts; lessons of the past to help America bolster its industrial capacity; importance of leadership and sufficient funding; grading the Trump administration’s effort to accelerate the delivery if needed capabilities at scale; and role of the entire industrial ecosystem including allies and partners in delivering more capabilities, more quickly. To learn more about the Apex conference, sponsorship and attendance opportunities please visit apexdefense.org

On today’s program, sponsored by Elbit America, Dr. Jerry McGinn, a former deputy industrial base chief who is now with the director of the Center for the Industrial Base at the Center for Strategic and International Studies, joins Defense & Aerospace Report Editor Vago Muradian to discuss the new paper he coauthored with his colleague Cynthia Cook — “Putting the Industrial Base on a Wartime Footing” — including past spending cycles, survey of defense spending by US allies and adversaries, and what Washington must do if it’s rhetoric is to turn into reality.

On today’s program, sponsored by HII, Byron Callan of the independent Washington research firm Capital Alpha Partners joins Defense & Aerospace Report Editor Vago Muradian to discuss the latest headlines and looks at the week ahead. Members of team Dr. Dov Zakheim and Chris Servello join to discuss the recent Reagan National Defense Forum.