Defense executives plan to meet at White House as strikes on Iran diminish stockpiles: Report
The White House aims to replenish billions of dollars in depleted weapons stockpiles with a potential $50 billion supplemental budget, urging defense firms to speed up production.
- On March 3 the White House invited executives from the biggest U.S. defense contractors to meet on Friday to discuss accelerating weapons production, Reuters reported based on five people familiar with the plan.
- Following Saturday's strikes on Iran, U.S. weapons stockpiles have been drawn down billions of dollars since Russia's 2022 invasion of Ukraine and Israel's Gaza operations.
- Companies including Lockheed Martin and Raytheon parent RTX were invited, and at least one source said the meeting would press makers to move faster; Lockheed, the Pentagon and White House did not comment.
- The White House invites defense executives to accelerate weapons production as Deputy Defense Secretary Steve Feinberg leads a $50 billion request, including plans to buy 57 Tomahawks at $1.3 million each in 2026.
- The administration has increased pressure on defense contractors to prioritize production, with President Donald Trump’s executive order targeting underperformers and the Pentagon setting 15 days for corrective plans before possible contract terminations.
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