“I think the industry will have, when it comes to national security, a very positive view” of a Biden presidency, Punaro said.
By: Aaron Gregg | washingtonpost.com
The defense industry is taking a largely positive view of its prospects under an administration led by Joe Biden, who clinched the presidency on Saturday.
Although defense manufacturers have benefited from increased spending, tax cuts and deregulation under President Trump, their executives have told investors that they expect the former vice president and longtime senator will largely maintain the status quo with respect to defense spending.