@Carpetsmoker Bernie Sanders does not support
higher defense spending.
Aerospace and defense led markets sharply higher following Trump's election and the idea of fiscal stimulus — lower taxes,
higher defense spending - it ostensibly promised.
In a day of closed - door meetings with NATO foreign ministers, Pompeo appeared to charm European allies with tough talk on Russia and a more sure - footed approach than his predecessor Rex Tillerson, but he still carried Trump's familiar demand for
higher defense spending.
Not exact matches
Important factors that could cause actual results to differ materially from those reflected in such forward - looking statements and that should be considered in evaluating our outlook include, but are not limited to, the following: 1) our ability to continue to grow our business and execute our growth strategy, including the timing, execution, and profitability of new and maturing programs; 2) our ability to perform our obligations under our new and maturing commercial, business aircraft, and military development programs, and the related recurring production; 3) our ability to accurately estimate and manage performance, cost, and revenue under our contracts, including our ability to achieve certain cost reductions with respect to the B787 program; 4) margin pressures and the potential for additional forward losses on new and maturing programs; 5) our ability to accommodate, and the cost of accommodating, announced increases in the build rates of certain aircraft; 6) the effect on aircraft demand and build rates of changing customer preferences for business aircraft, including the effect of global economic conditions on the business aircraft market and expanding conflicts or political unrest in the Middle East or Asia; 7) customer cancellations or deferrals as a result of global economic uncertainty or otherwise; 8) the effect of economic conditions in the industries and markets in which we operate in the U.S. and globally and any changes therein, including fluctuations in foreign currency exchange rates; 9) the success and timely execution of key milestones such as the receipt of necessary regulatory approvals, including our ability to obtain in a timely fashion any required regulatory or other third party approvals for the consummation of our announced acquisition of Asco, and customer adherence to their announced schedules; 10) our ability to successfully negotiate, or re-negotiate, future pricing under our supply agreements with Boeing and our other customers; 11) our ability to enter into profitable supply arrangements with additional customers; 12) the ability of all parties to satisfy their performance requirements under existing supply contracts with our two major customers, Boeing and Airbus, and other customers, and the risk of nonpayment by such customers; 13) any adverse impact on Boeing's and Airbus» production of aircraft resulting from cancellations, deferrals, or reduced orders by their customers or from labor disputes, domestic or international hostilities, or acts of terrorism; 14) any adverse impact on the demand for air travel or our operations from the outbreak of diseases or epidemic or pandemic outbreaks; 15) our ability to avoid or recover from cyber-based or other security attacks, information technology failures, or other disruptions; 16) returns on pension plan assets and the impact of future discount rate changes on pension obligations; 17) our ability to borrow additional funds or refinance debt, including our ability to obtain the debt to finance the purchase price for our announced acquisition of Asco on favorable terms or at all; 18) competition from commercial aerospace original equipment manufacturers and other aerostructures suppliers; 19) the effect of governmental laws, such as U.S. export control laws and U.S. and foreign anti-bribery laws such as the Foreign Corrupt Practices Act and the United Kingdom Bribery Act, and environmental laws and agency regulations, both in the U.S. and abroad; 20) the effect of changes in tax law, such as the effect of The Tax Cuts and Jobs Act (the «TCJA») that was enacted on December 22, 2017, and changes to the interpretations of or guidance related thereto, and the Company's ability to accurately calculate and estimate the effect of such changes; 21) any reduction in our credit ratings; 22) our dependence on our suppliers, as well as the cost and availability of raw materials and purchased components; 23) our ability to recruit and retain a critical mass of highly - skilled employees and our relationships with the unions representing many of our employees; 24)
spending by the U.S. and other governments on
defense; 25) the possibility that our cash flows and our credit facility may not be adequate for our additional capital needs or for payment of interest on, and principal of, our indebtedness; 26) our exposure under our revolving credit facility to
higher interest payments should interest rates increase substantially; 27) the effectiveness of any interest rate hedging programs; 28) the effectiveness of our internal control over financial reporting; 29) the outcome or impact of ongoing or future litigation, claims, and regulatory actions; 30) exposure to potential product liability and warranty claims; 31) our ability to effectively assess, manage and integrate acquisitions that we pursue, including our ability to successfully integrate the Asco business and generate synergies and other cost savings; 32) our ability to consummate our announced acquisition of Asco in a timely matter while avoiding any unexpected costs, charges, expenses, adverse changes to business relationships and other business disruptions for ourselves and Asco as a result of the acquisition; 33) our ability to continue selling certain receivables through our supplier financing program; 34) the risks of doing business internationally, including fluctuations in foreign current exchange rates, impositions of tariffs or embargoes, compliance with foreign laws, and domestic and foreign government policies; and 35) our ability to complete the proposed accelerated stock repurchase plan, among other things.
After that, the budgets make similar changes to discretionary
spending (
higher defense and lower non-
defense), though with different numbers.
That will be more than we
spend each year on
defense or Medicaid, and as a share of GDP, it could be the
highest in history.
The past few weeks have seen a new federal budget agreed to in the USA, with the figure for «
defense»
spending coming in at the
highest level ever: $ 700 billion US Dollars.
Calls from the Trump administration to increase
defense spending have helped push the aerospace and
defense giant
higher, and a strong commercial aerospace market continues to make investors optimistic about Boeing.
After the Vietnam War, Ronald Reagan adopted a policy of
high levels of military
spending to force the USSR to match this
spending on the premise that the U.S. had an economy more capable of engaging in this
defense spending without collapsing than the Soviets, a concept many considered historically vindicated when the Soviet Union collapsed in 1989, following in close succession by the splintering of Yugoslavia and Czechoslovakia, and the unification of Germany.
They have all committed to
spend a minimum of two percent of their GDP on
defense,
higher than that of many current allies.
For CenterState CEO President Rob Simpson, January is usually a time he and other business leaders start playing
defense; fending off budget proposals from Albany that include
higher taxes and fees, and more government
spending.
The law limited WIPP to
defense transuranic (plutonium - contaminated) waste and prohibited transportation or disposal of
high - level waste or
spent nuclear fuel.
The administration achieves this reduction by slashing or eliminating funding for scores of K - 12,
higher education, and adult literacy programs by even more than $ 9.2 billion in order to finance massive increases in
defense spending coupled with, in the education context, a more than $ 1 billion allocation for Title I portability programs and private school vouchers.25
In your
defense, it has become the American way as savings rates have plummeted but
spending rates have remained
high.
You can think of the index mutual fund «broker penalty» this way: If a consumer
spends $ 4 for a loaf of bread when an identical loaf on the same shelf cost $ 2, it is no
defense for a «bread broker» who recommends the $ 4 loaf to argue that it cost more because the baker has
higher production costs than the baker of the $ 2 loaf.
Especially considering that a large - but - impossible - to - quantify amount of
defense budget expenditures are used to militarily secure petroleum exporting regions — this is just backwards: According to the Institute for Policy Studies, for every $ 1 the US
spends on climate security (funding cleantech like renewable energy or
high speed rail), it will
spend $ 42 on the military.
Virginia actually has the
highest per capita rate of
defense spending in the country, providing thousands of jobs.
Tom Lieser, a senior economist at UCLA's Anderson School, predicts continued economic expansion for Southern California, with increased federal
defense spending buoying the region's powerful aerospace industry and increased investment in security benefiting the
high - tech sector.
The Dow Jones Industrial Average has surpassed 20,000, a record
high, and the economy is expected to benefit as the federal government cuts taxes, scraps unneeded regulations, and increases
spending on infrastructure and
defense.
The new administration is expected to follow a fiscally expansive policy of
higher spending on infrastructure and
defense, while cutting taxes.
Equity investors pushed the market
higher as they expected increased
defense and infrastructure
spending, potentially
higher wages, a pro-bank administration, which should all bode well for housing.
GDP growth was reduced by
higher levels of imports and weakness in federal government
spending, particularly for
defense spending.