Aerospace and Defense Market Trends

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 record week on Wall Street as President Trump announced a trade deal with China that convinced investors of declining tariffs risks, even as the president ended tariff talks with Canada and continues to pressure Federal Reserve Chairman Jerome Powell to resign from his post for refusing to make steep interest rate cuts; outlook for defense spending as Congress continues to deliberate reconciliation, appropriations, the NDAA as well as rescissions package as lawmakers push back on the president’s big beautiful bill; a successful NATO summit as the alliance agrees to spend 3.5 percent of GDP on defense and another 1.5 percent on national security infrastructure even as the Pentagon continues to weigh troops cuts from Europe; and Babcock reports full year 2025 results.