US defense spending in 2021 is likely to remain at least flat, despite suggestions a Democratic win on Tuesday could result in cuts. An earnings call with Northrop Grumman as well an interview with the CEO of Leonardo DRS last week indicated their confidence in continued levels of US defense spending through 2021. This echoes the sentiments of Boeing CEO Dave Calhoun early in the year. Industry officials believe the degree of threats affecting America as well as the economic fallout that would come from slashing defense spending would make such cuts politically untenable.

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