On today’s Strategy Series program, sponsored by General Atomics Aeronautical Systems, Eric Fanning, the president and CEO of the Aerospace Industries Association, joins Defense & Aerospace Report Editor Vago Muradian to discuss the defense budget outlook and best and worst case scenarios as Trump administration works to advance its $1.15 trillion 2027 Pentagon spending request, Reconciliation 2.0 and an Iran war supplemental; how more spending gets translated into contracts after contracting officers were culled in the name of reducing DoD headcount and improving efficiency; whether the defense and aerospace industry can absorb so much funding at once; implications of Defense Secretary Pete Hegseth’s latest broadside against heritage contractors and whether the working relationship is more productive in private; the administration’s commercial approach to development and production and ensuring a level playing field for heritage and new firms; protecting intellectual property as the military services revert to proprietary architectures; right to repair; and the strategy the administration is using to determine where it invests public money in private firms.