On today’s program, sponsored by HII, Byron Callan of the independent Washington research firm Capital Alpha Partners joins Defense & Aerospace Report Editor Vago Muradian to discuss newsflow during the holidays, prospect that nations forced to spend more on defense by Donald Trump will spend the increase at home rather than on US weapons, whether the world is a more dangerous place, the notion that we are in a defense spending “super cycle,” US defense spending outlook and prospect for reapportionment of resources among the military services, the Financial Times report that Anduril, Palantir, SpaceX and other defense tech firms are considering forming a consortium to better compete for DoD business, ensuring fairness in competitions between heritage and new defense firms, the big issues of 2025, and a look at the week ahead.