On this week’s episode of the Defense & Aerospace Business Report podcast, sponsored by Bell Helicopter, a Textron company, we discuss the Trump administration’s National Security Strategy, the Bell V-280 Valor tiltrotor’s first flight, Thales’ acquisition of Gemalto, and more. This week’s guests include Gordon Adams, PhD, American University professor emeritus and Stimson Center distinguished fellow, Byron Callan of Capital Alpha Partners, Ron Epstein, PhD, of Bank of America Merrill Lynch, Steven Grundman of the Atlantic Council, former Pentagon Comptroller Bob Hale, who now advises Booz Allen Hamilton (his comments are his own), and Sash Tusa of Agency Partners.