Defense industry poised for boost by ‘Trump tailwind’

By Travis J. Tritten

Published January 16, 2018 5:01am ET

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Defense industry poised for boost by ‘Trump tailwind’ — President Trump arrives to sign the National Defense Authorization Act for Fiscal Year 2018 in the Roosevelt Room of the White House on Dec. 12. But the NDAA provides no actual money to the Pentagon and analysts believe lawmakers will eventually settle on deal to fund at least the 10 percent increase in base defense spending requested by the president. (AP Photo/Evan Vucci) | Evan Vucci

Less than a year ago, the defense industry was feeling a little let down.

President Trump’s election created sky-high hopes, even a kind of euphoria, for a military spending hike the likes of which had not been seen in a generation. The president campaigned on that and, newly sworn in, stoked the anticipation with talk of a historic buildup.

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Air Force Boeing China Congress Defense Defense Spending Donald Trump House Armed Services Committee Jim Mattis Lockheed Martin Mick Mulvaney Navy NDAA North Korea Northrop Grumman OMB Paul Ryan Pentagon Russia Travis J. Tritten