Byron Callan

Byron Callan

Contributing columnist Byron Callan is a director at Capital Alpha Partners in Washington.

The Pentagon
Opinion: What Could Go Wrong For Defense—And What Might Go Right 
Volatile commodity prices and currency exchange rates threaten the defense spending outlook, but there are positive flip sides for governments and defense contractors alike.
Opinion: How To Improve Earnings Calls 
Aerospace management leaders who explain more in earnings calls may be better able to win the battle for talent and capital, too.
Opinion: LRS-B Won’t Lead To A Reshuffling Of Military Aircraft Primes 2
The Long-Range Strike Bomber program will not be the seismic event for defense manufacturers that many analysts are predicting.
Opinion: Green Sprouts In Pentagon’s Tech-Sector Outreach 
Carter unveils plans and delivers observations that could weigh on defense company strategies and how those businesses are valued.
Opinion: Defense Company Restructuring Pace Picks Up 
Reasons for the surge in mergers and acquisitions vary with the motivations of the involved companises.
Opinion: Why The Defense 'Upturn' Is A Mirage
New program starts are going to be extremely hard-fought and without increased budgets, and extensions of mature lines also may be more difficult.
Opinion: Cheaper Oil’s Winners—and Losers 1
Like most abrupt macroeconomic changes, there are mixed implications for the defense sector from the recent drop in oil prices.
Opinion: Plenty Of Risk Remains For The F-35 Program  11
There shouldn’t be much doubt that the F-35 program is making progress, but the larger questions remain.
Opinion: U.S. Company Shares Generally Doing OK 
Defense stocks are traditionally thought of by investors as defensive.
Opinion: NATO Summit Marks Base For Defense  1
Getting Europe to increase support for NATO is easier said than done
Opinion: Political Dust May Cover Defense Innovation 1
Defense cultural change needs to earn support
Opinion: More Pressure On Margins Likely By 2020
Record-high operating profit margins being reported by U.S. defense prime contractors could be sustained for another year, perhaps even three, but later this decade and into next, margins may come under pressure. Of course, this has to be considered on a company-by-company basis, but there are some broader changes to consider
Shock Therapy For Slow Weapons Development Programs?
More capable adversaries could jolt lengthy weapons development
Why Defense M&A May Wake Up
Does a different backdrop foretell a revival of defense deals in 2014?
Defense And Industry Need New R&D Resources 

While there is plenty to debate about where U.S. defense budgets could settle in 2014-15, there is no debate about the Pentagon's desire to continue to compete with cutting-edge technology. It expects defense advantages to be sustained through investment in new weapons and support systems that provide a generational lead over those fielded by adversaries.


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