On today’s program, sponsored by HII, Byron Callan of the independent Washington research firm Capital Alpha Partners discusses first quarter 2024 earnings; leading firms buy back more than $4 billion in stock as leading defense officials chide firms for the practice; the US Air Force’s decision to select General Atomics and Anduril to compete for Increment 1 of the Collaborative Combat Aircraft program and award Sierra Nevada a contract valued at $13 billion award to develop the successor to the E-4B “Nightwatch” Advanced Airborne Command Post; and a look at the week ahead with Defense & Aerospace Report Editor Vago Muradian.