On this episode of the Business Podcast, sponsored by Bell, our guests are “Rocket Ron” Epstein, PhD, of Bank of America Merrill Lynch, Richard Aboulafia of AeroDynamic Advisory and Sash Tusa of Agency Partners.

Topics:

— Defense and aerospace stock performance and markets react to decision by Federal Reserve to raise interest rates by .75 percent to check inflation and minimize a recession

— Market’s view of growing consensus that Congress will boost Biden administration’s defense budget request by about $50 billion

— Causes of widespread delays and rampant flight cancellations across the US air traffic system

— Boeing’s bullish stance on widebody jetliner outlook and first flight of Airbus’ A321xlr

— Analysis of House Armed Services Committee Chairman Adam Smith’s comments on Pentagon weapons development and skepticism about US Air Force’s Next Generation Air Dominance effort

— Netherland’s decision to buyt Embraer’s KC-390 tanker transport aircraft to replace its aging Lockheed Martin C-130s

— Takeaways from the Eurosatory land warfare exhibition last week in Paris

— Update on the AUKUS partnership’s effort to furnish Australia with a nuclear attack submarine