On this week's episode of the Defense & Aerospace Business Report podcast, sponsored by Bell, we discuss federal budget deliberations, President Donald Trump's proposed steel and aluminum tariffs, Russian President Vladimir Putin's touting of an intercontinental ballistic missile allegedly capable of evading western detection systems, and more. This week's guests include Gordon Adams, PhD, American University professor emeritus and Stimson Center distinguished fellow, Byron Callan of Capital Alpha Partners, Ron Epstein, PhD, of Bank of America Merrill Lynch and Sash Tusa of Agency Partners.