Conference Host: Gabelli Funds, LLC | Portfolio Manager: Tony Bancroft
The Harvard Club, New York City | September 4, 2025
EXECUTIVE SUMMARY
The Gabelli 31st Annual Aerospace & Defense Symposium revealed an
Executive Summary: The $50 Billion Realignment
Secretary of Defense Pete Hegseth's February 18, 2025 directive to reallocate $50 billion (8%) from the Biden administration's FY26 defense
How an unelected official earning $203,700 yearly wields power over America's most significant legislation—and why every voter and taxpayer should care
