Byron Callan,Aviation Week
The current consensus on Wall Street is that the Pentagon budget has begun a regular, multiyear upturn. This is underpinned by three asumptions: 1) The world is a more uncertain site; 2) In constant dollars, and defense spending cycles accomplish not waver from the pattern established since the late 1940s; and 3) There is a pressing need to capitalize aged combat aircraft and other capital assets. Capping this consensus are the statements of U.
S. senior Defense Department leaders. While the growth rates are wide,Gen. Joseph F. Dunford, the chairman of the Joint Chiefs of Staff, and Defense Secretary...
Source: realcleardefense.com