On this week’s Defense & Aerospace Report Business Roundtable, sponsored by Bell, Dr. “Rocket” Ron Epstein of Bank of America Securities, Sash Tusa of the independent equity research firm Agency Partners, and Richard Aboulafia of the AeroDynamic advisory consultancy join host Vago Muradian to discuss a down market on tariff concerns and sharply reduced US new July jobs numbers — as well as downgraded May and June figures — revised to reflect the impact of President Trump’s trade policies; the implications of the president’s decision to fire Dr Erika McEntarfer, the commissioner of the Bureau of Labor Statistics charged with generating objective labor data; the tariff outlook as Washington and Beijing continue to negotiate a trade deal and Trump announced South Korea accepted a 15 percent tariff and gave Mexico 90 more days to make a deal, but hit Canada with a 35 percent trade tax, Switzerland with 39 percent, and Brazil with a 50 percent trade tax to punish the prosecution of former President Jair Bolsenaro who launched an insurrection to try to remain in power; European leadership criticism of the EU’s decision to accept a 15 percent tax on its goods sold in America; the president’s decision to hit India with secondary sanctions for buying Russian oil in violation of US and international sanctions as he increases pressure on Moscow to end the Ukraine war; a look at earnings as AerCap, Airbus, Boeing, Hensoldt, HII, L3Harris, Leonardo — and Leonardo DRS — Rolls-Royce, Safran, Teledyne, and Textron; and strike outlook as Boeing machinists at the company’s St Louis operation consider striking.

On this week’s Defense & Aerospace Report Business Roundtable, sponsored by Bell, Dr. “Rocket” Ron Epstein of Bank of America Securities, Sash Tusa of the independent equity research firm Agency Partners, and Richard Aboulafia of the AeroDynamic advisory consultancy join host Vago Muradian to discuss new records on Wall Street as Washington strikes a tariff deal with Japan that raises baseline tariffs to 15 percent as a similar trade deal with the EU looms; the trade deal between Britain and India Booz Allen Hamilton, Dassault, Hexcel, General Dynamics, Lockheed Martin, MTU, Northrop Grumman, RTX, Textron, and Thales report second quarter 2025 earrings; Southwest CEO Bob Jordan’s statement that he expects the company’s 737 Max jets to be certified later than expected sometime next year as Boeing prepares to report earnings next week; the German government considers buying a stake in vehicle maker KNDS; Turkey’s decision to acquire up to 40 Eurofighter jets; the Trump administration’s 10-year, $151 billion “Golden Dome” missile defense program — now officially known as SHIELD or Scaleable Homeland Innovative Enterprise Layered Defense — and the cause of the growing number of near misses between US commercial and military aircraft.

On this week’s Defense & Aerospace Report Business Roundtable, sponsored by Bell, Dr. “Rocket” Ron Epstein of Bank of America Securities, Sash Tusa of the independent equity research firm Agency Partners, and Richard Aboulafia of the AeroDynamic advisory consultancy join host Vago Muradian to discuss another bull-market high on Wall Street; President Trump’s demand the EU accept 15-20 percent minimum tariffs by Aug. 1 as Brussels prepares to retaliate with higher taxes on American aircraft, bourbon and cars; the US administration says it’s netted $64 billion in tariff revenue since the start of the year; Embraer’s warning that new taxes would increase regional aircraft unit costs for aircraft sold in America by $9 million; despite economic worries, Delta and United announce soaring profits and reinstate their bullish air travel guidance; GE Aerospace and Saab earnings as defense and aerospace firms prepare to follow suit; British Prime Minister Sir Kier Starmer meets with German Chancellor Friedrich Merz; and President Trump says he will sell weapons to NATO nations for shipment to Ukraine.

On this week’s Defense & Aerospace Report Business Roundtable, sponsored by Bell, Dr. “Rocket” Ron Epstein of Bank of America Securities, Sash Tusa of the independent equity research firm Agency Partners, and Richard Aboulafia of the AeroDynamic advisory consultancy join host Vago Muradian to discuss another record Wall Street hit another high on Nvidia’s $4 trillion valuation; President Trump’s pledged to hit the EU and Mexico with 30 percent tariffs until they — and other countries like Canada, Japan, South Korea, Brazil — agree to his demands by Aug 1; efforts to establish a global free-trade system that excludes the United States; Britain and France strike a historic nuclear cooperation agreement to protect Europe without the United States; Europe’s MARTE program to develop a new tank; Dassault makes clear for the latest time that it and it alone will lead the French, German, Spanish and Belgian SCAF program to develop a new family of combat air systems; Denmark orders more F-35 Lighting II fighters from Lockheed Martin on the heels of Britain’s order for 10 more jets under it’s umbrella commitment to 138 of the stealthy planes; Peru’s decision to buy 24 Gripen E/F jets from Saab instead of Dassault Rafales or Lockheed’s F-16V; Defense Secretary Pete Hegseth’s “drone dominance” guidance that would accelerate US unmanned efforts by allowing field grade officers to buy unmanned systems; US military services ask Congress to fund programs that weren’t supported by the administration in its recent budget request; and interim findings by investigators probing the Air India crash that found pilots briefly cut off the fuel flow to both of the jet’s engines leading to the crash of the heavily loaded 787 jetliner, killing 260.

On this week’s Defense & Aerospace Report Business Roundtable, sponsored by Bell, Dr. “Rocket” Ron Epstein of Bank of America Securities, Sash Tusa of the independent equity research firm Agency Partners, and Richard Aboulafia of the AeroDynamic advisory consultancy join host Vago Muradian to discuss another record Wall Street week on strong employment despite tariff turmoil as Congress hands President Trump a legislative victory that will increase US debt by more than $3 trillion dollars that in turn has contributed to the weakest dollar since the financial crisis of 1973 with the greenback down 10 percent; the administration hinted at a series of tariff deals, including with Europe that would see baseline tariffs increase by 10 percent, but that news that is causing friction among European members with France’s industry and energy minister Marc Ferracci calling on union leaders to reject a deal that would force europe to live with higher baseline tariffs; a fiscal drama in London as Prime Minister Sir Kier Starmer’s administration is forced by its own party to backtrack on benefits cuts, cause another bond crisis; China went on a charm offensive in Brussels, Berlin and Paris where Wang Yi also candidly admitted that China can’t afford for Russia to lose in Ukraine; Washington halts aid to Kyiv by falsely claiming US weapons are running out as Germany negotiates with Washington for more weapons for Ukraine, including two Patriot batteries and interceptors as Russia steps up strikes; Germany’s outspoken chief of defense, Lt. Gen. Alfons Mais, is sacked for being too blunt as Berlin prepares to order 1,000 new tanks and 2,500 armored fighting vehicles; a banner week for Airbus that sold more than $12 billion in new jets to Malaysia’s Air Asia; Embraer nails a $4 billion order with SAS for 55 jets as Air France KLM takes a 60 percent stake in the carrier; and Bombardier scores a big order with an unnamed customer.

On this week’s Defense & Aerospace Report Business Roundtable, sponsored by Bell, Dr. “Rocket” Ron Epstein of Bank of America Securities, Sash Tusa of the independent equity research firm Agency Partners, and Richard Aboulafia of the AeroDynamic advisory consultancy join host Vago Muradian to discuss a record week on Wall Street as President Trump announced a trade deal with China that convinced investors of declining tariffs risks, even as the president ended tariff talks with Canada and continues to pressure Federal Reserve Chairman Jerome Powell to resign from his post for refusing to make steep interest rate cuts; outlook for defense spending as Congress continues to deliberate reconciliation, appropriations, the NDAA as well as rescissions package as lawmakers push back on the president’s big beautiful bill; a successful NATO summit as the alliance agrees to spend 3.5 percent of GDP on defense and another 1.5 percent on national security infrastructure even as the Pentagon continues to weigh troops cuts from Europe; and Babcock reports full year 2025 results.

On this week’s Defense & Aerospace Report Business Roundtable, sponsored by Bell, Dr. “Rocket” Ron Epstein of Bank of America Securities, Sash Tusa of the independent equity research firm Agency Partners, and Richard Aboulafia of the AeroDynamic advisory consultancy join host Vago Muradian to discuss a down week on Wall Street with modest losses; the Federal Reserve suggested rate cuts; the United States joined Israel in attacking Iran, mobilizing good old-fashioned heavy air power with 125 aircraft involved including B-2 bombers dropping 14 30,000-pound bunker buster weapons — each Spirit can carry two of the Boeing weapons — against Tehran’s nuclear sites including the deeply buried Fordo facility; the administration’s 2026 defense budget request; Paris Air Show takeaways as Boeing and GE have a muted week in the wake of the Air India tragedy before the show with the American jet-maker opting against making announcements; Airbus disclosed orders with AviLease, Poland’s LOT, Saudi Arabia’s startup Riyadh Air, Vietnam’s VietJet and others ordering new planes; Embraer sells more commercial aircraft as well as KC-390 tanker-transports; France considers buying Global Eye jets; and some between Dassault and Airbus over the new phase of the French-German-Spanish-Belgian program to develop a new next generation family of combat aircraft.

On this week’s Defense & Aerospace Report Business Roundtable, sponsored by Bell, Dr. “Rocket” Ron Epstein of Bank of America Securities, Sash Tusa of the independent equity research firm Agency Partners, and Richard Aboulafia of the AeroDynamic advisory consultancy join host Vago Muradian to discuss a flat week on Wall Street as Israel attacked Iran vowing to destroy Tehran’s nuclear program and Tehran responded with large-scale missile barrages on the Jewish state; analysis of a sophisticated attack that included stealth, conventional and unmanned aircraft including modifications to the F-35 Lighting II fighter than increased the jet’s range, eliminating the need for aerial refueling; US and Chinese negotiators agree to give American industry access to China’s critically important rare earths in exchange Washington capping tariffs at 55 percent; an Air India 787 jetliner crashed killing 241 of the passengers onboard — one passenger survived — as well as 33 on the ground, a tragedy that changed the dynamics at the Paris Air Show that convenes tomorrow at the legendary Le Bourget airfield outside the French capital; the Pentagon is reviewing the agreement among Australia, the United Kingdom and the United States to develop nuclear powered attack submarines; and what to expect at this year’s Paris Air Show.

On this week’s Defense & Aerospace Report Business Roundtable, sponsored by Bell, Dr. “Rocket” Ron Epstein of Bank of America Securities, Sash Tusa of the independent equity research firm Agency Partners, and Richard Aboulafia of the AeroDynamic advisory consultancy join host Vago Muradian to discuss an up week on Wall Street as the relationship between Donald Trump and Elon Musk ended acrimoniously after the world’s richest man blasted the president’s big beautiful bill of legislative priorities, vowing to use the fortune he used to help Trump get elected to punish lawmakers who voted for it as president in turn vowed to punish Musk through his government contracts and other means if he does so; the outlook for SpaceX and the so-called Department of Government Efficiency in the wake of the breakup; the Senate Armed Services Committee’s markup of the reconciliation measure that includes big news for military programs; the doubling of steel and aluminum tariffs to 50 percent; new regulations on unmanned systems and supersonic flight over the United States; Britain’s most consequential Strategic Defence Review in decades that pledges higher defense spending to boost nuclear capabilities, attack subs, combat aviation, ground and joint warfighting; French concerns that high debt will curb more military spending; and Chinese efforts to curry favor with Europe with preferential access to rare earth elements and ordering hundreds of new Airbus jetliners.

On this week’s Defense & Aerospace Report Business Roundtable, sponsored by Bell, Dr. “Rocket” Ron Epstein of Bank of America Securities, Sash Tusa of the independent equity research firm Agency Partners, and Richard Aboulafia of the AeroDynamic advisory consultancy join host Vago Muradian to discuss a rocky week on Wall Street that ended with the best month since 2023; President Trump doubles tariffs on steel and aluminum to 50 percent and curbs aerospace, chip, and chemical export as well as educational visas to China; whether this is a negotiating tactic born of frustration with slow talks between Beijing and Washington or the latest effort to decouple the world’s two leading economies; investors’ “TACO” mindset and the reality that despite a chaotic approach the administration has increased tariffs; the Senate pushes back on the House’s reconciliation package; newsflow from the IISS’s annual Shangri-La Dialogue in Singapore from Defense Secretary Pete Hegseth’s warning that China could attack Taiwan at any time and call that allies  spend 5 percent of GDP on defense, and French President Emmanuel Macron and top EU diplomat Kaja Kallas’ view that a partnered China and Russia constitute a major threat to the global rules-based order that must be countered, and Indian defense chief Gen Anil Chauhan’s acknowledgment that India lost fighters in its recent conflict with Pakistan but learned lessons from the experience; Saab’s capital markets day; the latest on the administration’s Section 232 trade investigation; and King Charles’ historic address opening Canada’s new parliament.