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November 9, 2016Loren B. Thompson, Ph.D

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For the Defense Industry, Trump’s Win Means Happy Days Are Here Again (From Forbes)

November 9, 2016Loren B. Thompson, Ph.D

Although Donald Trump is sometimes said to be unpredictable, in fact he has been quite straightforward in describing what his military priorities would be as president.  First, he would modernize the nation’s aging nuclear deterrent.  Second, he would grow the Army and Marine Corps.  Third, he would increase the number of warships in the Navy’s fleet to 350.  Fourth, he would expand the Air Force’s fighter inventory.  All of these items portend accelerated spending on new weapons, thus signaling the end of an Obama-era drought in demand for military technology.  Trump’s commitment to more weapons spending is broadly consistent with the course taken by every Republican president since Eisenhower, and strongly suggests that good times lie ahead for the U.S. military contractors.  I have written a commentary for Forbes here.

 

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