On today’s program, sponsored by HII, Byron Callan of the independent Washington research firm Capital Alpha Partners discusses Japan’s defense sector as Tokyo surges military spending to 2 percent of GDP by 2027, a review of historical investment trends as senior Pentagon officials express frustration with industry share buybacks that were only approved by the SEC legalized in 1982, a look and NATO defense industrial themes as leaders gather in Washington to commemorate the 75th anniversary of the Atlantic Alliance, how a change in US leadership could shape allied investment plans, and a look at the week ahead with Defense & Aerospace Report Editor Vago Muradian.