On this week's episode of the Defense & Aerospace Business Report podcast, sponsored by Bell, we discuss the state of global defense and aerospace markets in the midst of potential trade war, Australia's SEA 5000 future frigate program, and much more. Our 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, Steven Grundman of the Grundman Advisory and the Atlantic Council think tank, former Pentagon Comptroller Bob Hale, PhD (who now advises Booz Allen Hamilton — his thoughts are his own), and Sash Tusa of Agency Partners.