Aerospace giants Boeing and Lockheed Martin are the big winners in President Donald Trump’s initial budget agenda, which sets the stage for a significant boost to defense spending. By skirting the Budget Control Act (BCA) both in the fiscal 2018 budget submission and fiscal 2017 supplemental request, the Trump administration has set itself up for a showdown with Congress. But though both proposals face long odds of becoming law unchanged, key investments in military modernization will ...

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