On today’s Look Ahead program, sponsored by HII, Byron Callan of the independent Washington research firm Capital Alpha Partners joins Defense & Aerospace Report Editor Vago Muradian to discuss escalating US-Iran hostilities and implications for world markets; US defense budget deliberations that include a reconciliation measure that’s $60 billion rather than $350 billion as expected with the prospect for a new Reconciliation 4.0 measure to bridge the difference; factors that could explain low defense stock valuations; Pentagon policy chief Bridge Colby’s dismissal of “middle powers” strategy as Canada prepares to join Britain’s Global Combat Air Program with Italy and Japan, and buys a $1.8 billion radar from BAE Systems Australia; GE Aerospace earnings and AV’s Investor Day; and a look at the week ahead and in Washington and beyond, including the Farnborough International Airshow 20-24 July 2026.

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 the latest headlines and looks at the week ahead.

On today’s Look Ahead program, sponsored by HII, Byron Callan of the independent Washington research firm Capital Alpha Partners joins Defense & Aerospace Report Editor Vago Muradian to discuss the attack that damaged a Qatari liquified natural gas carrier in the Strait of Hormuz; what’s next for US defense spending including prospects for Reconciliation 3.0; surprises in the Trump administration’s $88 billion Iran war supplemental request; whether the assertion that the “American way of war” is dead; Saab’s big week including the sale of 16 new Gripen E fighters to Ukraine and Canada’s decision to pick HDW over Hanwha to supply 12 new non-nuclear attack submarines; Britain’s plan to increase defense spending by $20 billion; expectations from NATO’s Ankara summit; and a look at the week ahead and in Washington and beyond.

On today’s Look Ahead program, sponsored by HII, Byron Callan of the independent Washington research firm Capital Alpha Partners joins Defense & Aerospace Report Editor Vago Muradian to discuss what’s next now that Washington and Tehran have agreed to a 60-day ceasefire; a look at the US defense budget outlook as House and Senate Armed Services Committees finish their version of the National Defense Authorization Act, House defense appropriators finish their mark, and lawmakers await an Iran war supplemental and ponder the fate of the $350 billion Reconciliation 3.0 for the Pentagon; defense stock valuation drivers; takeaways from the Eurosatory ground warfare exhibition and conference last week in Paris; role of increasingly sophisticated Ukrainian, Turkish, and South Korean firms in Europe’s rearmament; whether Washington’s export control reforms and calls for deeper cooperation will entice European nations alienated by the administration’s rhetoric; and a look at the week ahead in Washington and behind.

On today’s Look Ahead program, sponsored by HII, Byron Callan of the independent Washington research firm Capital Alpha Partners joins Defense & Aerospace Report Editor Vago Muradian to discuss the prospect of a ceasefire deal between Washington and Tehran, including best and worst scenarios; the need for investment in drones as well as manned platforms; the House Armed Services Committee’s $1.15 trillion 2027 National Defense Authorization Act as House appropriators mark to $1.07 trillion; dim outlook for the $350 billion Reconciliation 3.0 for the Pentagon; President Trump’s planned meeting with top US defense executives to accelerate weapons production to restock depleted stocks; and the SpaceX initial public offering and defense capital market.

Mesh Feigenbaum, a managing partner at Engineered Metal Tech who is one of the world’s leading experts on the gigantic forging presses that are critical for the worldwide aerospace and defense supply chain and author of two recent commentaries — “Aerospace’s Hidden Bottleneck” in Aviation Week and “Rate Readiness at Risk: The Global Shortage of Large Hydraulic Forging Presses” in the Forging Industry Association magazine’s May issue — joins Defense & Aerospace Report Editor Vago Muradian to discuss approaches the US government should consider to underwrite an industrial capability vital for national security as well as American economic prosperity; whether Airbus and Boeing will be able to sustain ambitious production including the US giant’s goal of boosting the 737 rate to 70 jets a month; whether capacity is sufficient to sustain a surge in defense production; and what it will take to encourage US investment to as Europe and Asia step up.

On today’s Look Ahead program, sponsored by HII, Byron Callan of the independent Washington research firm Capital Alpha Partners joins Defense & Aerospace Report Editor Vago Muradian to discuss Iran’s strikes on Israel in retaliation for Jerusalem’s strikes near Beirut — despite a warning from President Trump that Israeli Prime Minister Binyamin Netanyahu not strike close to the Lebanese capital that could derail US-Iran talks; Washington’s decision to cancel the deployment of US Tomahawk cruise missiles to Germany to avoid antagonizing Russia, prompting Berlin to consider buying the US weapons; the House Armed Services Committee approves its version of the Trump administration’s proposed $1.15 trillion 2027 defense spending request; Reconciliation 3.0 for the Pentagon in the wake of Senate passage of Reconciliation 2.0 for border and immigration funding; Honeywell’s Investor Day as the firm prepares to split into three companies; startup valuations and portfolio shaping; and a look at the week ahead in Washington and beyond.

On today’s Look Ahead program, sponsored by HII, Byron Callan of the independent Washington research firm Capital Alpha Partners joins Defense & Aerospace Report Editor Vago Muradian to discuss what’s next as Washington and Tehran appear on the verge of a ceasefire deal; energy price impact given disruption to global energy flows and facilities; prospect US industry will get contracts to help rebuild Iran; analysis of the House Armed Services Committee chairman’s markup for the Trump administration’s proposed $1.15 trillion 2027 defense spending request; outlook for passage of the budget, Reconciliation 3.0 and an Iran war supplemental; SpaceX’s initial public offering that’s expected to hit a record valuation of $1.8 trillion; and a look at the week ahead in Washington and beyond.