On the Memorial Day episode of the Defense & Aerospace Business Report, we discuss President Donald Trump's trip to Brussels and NATO, German Chancellor Angela Merkel's comments regarding Europe's relationship with the US, Trump's proposed FY18 federal budget and more. The Defense & Aerospace Business Report is sponsored by Bell Helicopter, a Textron Company.

This week's guests include:

• Richard Aboulafia of the Teal Group
• Steve Grundman of the Atlantic Council
• Ron Epstein of Bank of America Merrill Lynch
• Todd Harrison of the Center for Strategic and International Studies