# Defense & Aerospace Daily Podcast [Jul 20, 2026] Look Ahead w/ Byron Callan

Page: https://stenobird.com/podcast/defense-aerospace-report-809504/defense-aerospace-daily-podcast-jul-20-2026-look-ahead-w-byron-callan
Text version: https://stenobird.com/podcast/defense-aerospace-report-809504/defense-aerospace-daily-podcast-jul-20-2026-look-ahead-w-byron-callan.md
Podcast: [Defense & Aerospace Report](https://stenobird.com/podcast/defense-aerospace-report-809504)
Published: 2026-07-20T16:05:17+00:00
Episode link: https://soundcloud.com/defaeroreport/defense-aerospace-194206246
Audio file: https://feeds.soundcloud.com/stream/2364560402-defaeroreport-defense-aerospace-194206246.mp3
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JSON: https://stenobird.com/v1/public/podcasts/defense-aerospace-report-809504/episodes/defense-aerospace-daily-podcast-jul-20-2026-look-ahead-w-byron-callan
Duration seconds: 2042

## Resource

On today’s Look Ahead program, sponsored by HII, Byron Callan of the independent Washington research firm Capital Alpha Partners joins Defense & Aerospace Report Editor Vago Muradian to discuss escalating US-Iran hostilities and implications for world markets; US defense budget deliberations that include a reconciliation measure that’s $60 billion rather than $350 billion as expected with the prospect for a new Reconciliation 4.0 measure to bridge the difference; factors that could explain low defense stock valuations; Pentagon policy chief Bridge Colby’s dismissal of “middle powers” strategy as Canada prepares to join Britain’s Global Combat Air Program with Italy and Japan, and buys a $1.8 billion radar from BAE Systems Australia; GE Aerospace earnings and AV’s Investor Day; and a look at the week ahead and in Washington and beyond, including the Farnborough International Airshow 20-24 July 2026.

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## Transcript

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