No matter who wins the White House on Nov. 8, three related issues are almost certain to gain traction in the next presidential administration: U.S. infrastructure, tax code reform and repatriation of the business world’s foreign cash reserves. The U.S. aerospace and defense (A&D) industry, it turns out, has a lot at stake. With tens of billions in cash parked outside the country and an increasingly global footprint—but with its roots, headquarters and major operations ...

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