On this episode of the DefAero Report Daily Podcast, sponsored by Bell, Todd Harrison, the managing director for Metrea Strategic Insights, discusses his analysis of the Biden administration’s defense budget plans including growing personnel costs even before a planned 4.6 percent pay raise, what happens if the pay raise jumps to 6 percent because of inflation, a possible shortfall in operations and maintenance funding, budget share by military service and why Air Force funding is falling short, and whether the administration has launched a series of major top secret programs or has created a “bishop’s” fund to cover future costs; and Byron Callan of the independent Washington research firm Capital Alpha Partners on the administration’s export ban on chip making technology to China, whether additional countries will adopt Washington’s stance, curtailing Western hardware and software exports that improve Beijing’s military capabilities, lessons from Britain’s ruinous financial missteps and whether the GOP could follow suit in the wake of November electoral victory, Russia and Iran newsflow, and look at Lockheed Martin’s earnings and share buybacks and what to expect from the defense group as companies report earnings, and the week ahead with Defense & Aerospace Report Editor Vago Muradian.
