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Incoming Biden Administration to Review Costly US Nuclear Weapons Programs - Report
Sputnik International
https://sputniknews.com/military/202012241081564851-incoming-biden-administration-to-review-costly-us-nuclear-weapons-programs -report/
US President-elect Joe Biden will face a slew of tough issues left over from the Trump administration, with perhaps none bearing greater weight than the US’ nuclear weapons policies.
Under US President Donald Trump, billions of dollars have been pumped into revamping the US nuclear arsenal and introducing new nuclear weapons into the stockpile, while the US has withdrawn from, or done nothing to stop the expiration of, key arms limitation treaties designed to reduce the risk of nuclear war. According to a recent report by the Wall Street Journal, Biden intends to conduct a critical and thorough review of those weapons programs and to reverse course on at least one treaty: the New Strategic Arms Reduction Treaty (New START), which expires j
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Aerospace: Weekly Flyby: 2021 Aerospace and Defense Outlook
This week marked a busy end to the year, as we published our 2021 Year Ahead outlooks for both Aerospace and Defense. We see Aerospace OE pressured by used inventory, while aftermarket is positioned to outperform. . Defense prioritization should remain the same as the Presidency changes hands.
Top picks include NOC (Defense) and TDG (Aerospace)
Looking forward to 2021, we see Northrop Grumman’s (NOC) portfolio positioning (e.g. Space and Nuclear) providing the company with the most growth potential relative to peers. NOC’s exposure to modernization efforts remains a key priority for the DoD including the B-21 bomber and Ground Based Strategic Deterrent (GBSD). Current valuation is subdued with room for relative improvement and upside for the multiple. In Aerospace, we see high levels of existing aircraft inventory, conservative demand for new aircraft, and continued recovery efforts from the COVID-19 va
Lockheed Martin’s surprise announcement Sunday that it has agreed to acquire propulsion systems developer and manufacturer
Aerojet Rocketdyne in a $4.4 billion deal, will lead to better integrated end products and improved manufacturing, James Taiclet, the company’s president and CEO said on Monday.
Aerojet Rocketdyne is a supplier of rocket and tactical motors to Lockheed Martin and other aerospace and defense customers for launch vehicles, tactical missiles, missile defense systems and emerging hypersonic weapons. About 35% of the company’s current sales are from Lockheed Martin.
Taiclet said Lockheed Martin will preserve Aerojet Rocketdyne’s merchant supplier status to other companies in the industry just as