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Defense & Aerospace Report Podcast [Feb 22 ’26 Business Report]

The Defense & Aerospace Report podcast highlighted a Supreme Court ruling that struck down several of former President Trump’s tariffs imposed under the International Emergency Economic Powers Act. Analysts discussed the fate of roughly $200 billion in tariff revenue and the administration’s plan to replace them with new duties under alternative statutes. The roundtable also covered major procurement moves, including India’s expanded Rafale order, Canada’s new National Defense Strategy, and a U.S. threat of retaliation if Europe pivots to domestic weapons. Additional topics were Northrop Grumman’s partnership with Embraer to market the KC‑390, Leonardo’s C‑27 production after Saudi orders, Airbus earnings challenges with Pratt & Whitney, and BAE Systems’ investor pressure.