NEW: Trump administration will meet top U.S. defense contractors (Lockheed Martin, RTX/Raytheon, others) at the White House to speed up weapons production as U.S. stockpiles have been strained by conflicts including Iran, Ukraine, and Gaza.
The Pentagon is preparing a ~$50 billion supplemental budget to replenish stockpiles and increase output of key weapons like Tomahawk cruise missiles (target production up to 1,000 per year).
Officials are also pressuring contractors to prioritize production over shareholder payouts, with underperforming companies potentially facing penalties or contract termination.
Source: Reuters
@mirzaotovic@KobeissiLetter Statements 1-4 couldnโt be more wrong. IRGC has only expended about 10% of missiles / 5% of UAVs.
U.S. has 3 weeks of fighting planned. Iranians undeterred and already reorganizing, itโs going to get uglier before stability comes. Maersk now suspending all shipments.