Steven Jefferies

Predictions suggest that the number of in-service commercial airline fleet across the globe will grow to 38,100 by 2032, up from just under 25,000 in early 2022. That’s a growth rate of 4.1% each year.

Leaders in the defense, industrial, and aerospace industries are asking the government to delay an upcoming change to R&D taxes, which they worry would suppress innovation, manufacturing, and investment in microelectronics.

Rep. Jackie Walorski has proposed a Fostering Innovation and Research to Strengthen Tomorrow (FIRST) Act, which would double the research and development tax credits businesses can access.

Few sectors benefit more from the R&D tax credit than the tech industry — for many people, it’s synonymous with the very idea of innovation, and it’s responsible for many of the most important advances over recent years.