

Defense & Aerospace Report Podcast [Jul 27, ’25 Business Report]
Jul 27, 2025
Join industry experts Dr. Ron Epstein, a financial analyst at Bank of America Securities, Sash Tusa from Agency Partners, and Richard Aboulafia of AeroDynamic Advisory as they unravel the latest defense and aerospace market dynamics. They discuss a new 15% tariff impacting trade with Japan and Europe, analyze major earnings from giants like Lockheed Martin, and delve into Boeing's challenges with the 737 Max. The trio also covers Turkey's Eurofighter jet acquisition and rising concerns over near-miss incidents in air traffic, emphasizing urgent safety upgrades.
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Earnings Drive Defense Stocks
- Aerospace and defense markets moved mostly due to earnings report outcomes this week.
- Northrop Grumman led gains, while Lockheed Martin disappointed due to specific program issues.
Uncertainty Around Golden Dome Impact
- The $151 billion Golden Dome missile defense program's impact remains uncertain among industry players.
- Companies are eager but unclear who will win contracts and how funds will be allocated.
Tariff Impact and Trade Risks
- U.S. administration's 15% baseline tariff on aerospace goods is moderate but breaks longstanding trade treaties.
- Retaliatory tariffs by EU and others pose bigger threats to aerospace trade balances and industry cooperation.