DEFAERO Strategy Series [May 12, 26] Atlantic Council's Steve Grundman

On today’s Strategy Series program, sponsored by General Atomics Aeronautical Systems, Steve Grundman, a former Pentagon industrial base chief now with the Atlantic Council and the Grundman Advisory consultancy, joins Defense & Aerospace Report Editor Vago Muradian to discuss Defense Secretary Pete Hegseth’s latest social media broadside against heritage defense contractors, criticizing them for failing to deliver while padding their pockets, making the case for more funding and greater reliance on commercial fixed-price approaches to develop and acquire new weapons; the prospect the administration’s ambitious budget and priorities will be supported by lawmakers; the strategy that’s shaping the administration’s defense planning and spending; roles of heritage and new economy defense contractors; whether the administration’s commercial contracting approach will succeed in cutting acquisition costs; the implications of shifting from open architectures to proprietary ones; and the decline in defense stock values.