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 Wall Street’s down week on investor concerns about inflation and declining consumer confidence putting the Standard and Poor’s 500 on track for its worst quarter since 2022; budget officials warn the US government will run out of money in August unless Congress raises the debt limit; a week after President Trump taps Boeing as the winner of the manned combat aircraft portion of the US Air Force’s Next Generation Air Dominance program, House appropriators propose cutting funding for the new program, the Collaborative Combat Aircraft, and the B-21 Raider bomber; the Washington Post reports the Trump administration is preparing to cut the federal agencies by between 8 and 50 percent as the General Services Administration targets top consulting and IT contractors; Trump imposed a 25 percent tariff on imported cars; European governments continue to step up efforts to bolster defense capabilities even as Italy emerges as a possible spoiler; an inflection point for BAE Systems; RocketLab’s Neutron launch vehicle wins a Space Force contract valued at up to $5.6 billion; air travel continues to decline; and the US Navy’s prepares to announce whether Boeing or Northrop Grumman will win its FA-XX next generation fighter contest.