The current consensus on Wall Street is that the Pentagon budget has begun a steady, multiyear upturn. This is underpinned by three asumptions: 1) The world is a more dangerous place; 2) In constant dollars, defense spending cycles do 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 ...


"Opinion: Why U.S. Defense Upturn Is Not A Given " is part of Aviation Week & Space Technology’s subscription package. 

Subscribe now to read this full article. And by subscribing, you'll also receive full coverage of what's next in technology from the experts trusted by the global aerospace & defense community. 


Already registered? Log in here.