Archive is not working for me but I found that Yahoo news talked about this as well.
https://finance.yahoo.com/news/u-defense-stocks-jump-pentagon-105940271.html
U.S. defense stocks have rallied Monday premarket after the Wall Street Journal reported that the Pentagon has outlined an aggressive push to expand missile production, a move aimed at preparing for potential conflict with China.
The WSJ reported that military leaders are urging contractors to double or even quadruple the output of 12 critical weapons systems, including Patriot interceptors, Long Range Anti-Ship Missiles, the Standard Missile-6 and Precision Strike Missiles.
Deputy Defense Secretary Steve Feinberg is said to be taking a direct role through the Pentagon’s new Munitions Acceleration Council, holding weekly calls with executives to monitor progress, said the WSJ.
Shares in defense stock rose on the news: RTX has gained 2.5 percent, Lockheed Martin is up 2.3 percent, Northrop Grumman has added 0.9 percent, Boeing has risen 1.6% and L3 Harris has climbed 1 percent in premarket trading.
The drive follows concerns over depleted missile stockpiles after Russia’s war in Ukraine and the more recent conflict between Israel and Iran, which saw the U.S. fire hundreds of high-end interceptors.
The Pentagon wants to secure capacity for nearly 2,000 PAC-3 missiles from fiscal year 2024 to 2026, almost four times the current rate, said the WSJ.
Defense firms have reportedly begun expanding capacity. Boeing recently completed a 35,000-square-foot factory expansion for Patriot seekers, while Northrop Grumman has invested more than $1 billion to boost rocket motor output, according to the WSJ.
Still, there are some people questioning whether the Pentagon’s goals are achievable without significantly more funding.
Without more money and contracts, some people involved in the effort are said to have told the WSJ that the government’s targets aren’t realistic.
This is what happens when you have people who don’t have any conception of the material conditions in charge. They already tried to ramp up stuff like shell production to fight Russia in Ukraine for the past three years, and never came close to hitting their targets. If you can’t produce something as basic as artillery shells, good luck ramping up missile production.
Also worth noting that there is now a skill gap in the workforce that can’t be fixed easily https://www.popsci.com/technology/stinger-missiles-raytheon-ukraine/
I really hope China keeps choking the imperialist beat from important rare earth minerals.
Indeed, and I really think this is the time for China to start cutting off trade with the west entirely. The US very openly states that they want to contain China and possibly even go to war with them. Any economic blow back that might happen is worth the pain to cut off America’s ability to actually wage war on China.
Just push the conveniently positioned turbo button and ignore reality. I assume this means they’re still on the path to attack China in 2027, I remember Brian Berletic or Ben Norton talking about it.
I’m hoping to plan something to escape the U.S. before then
jesus, that brings me back.
Until the Occupation Regime Of West PAlestine does something stupid again and all the stocks need to be depleted to keep their rabid attack dog alive
Thankfully, US government relies on (1) private companies and (2) Chinese components/minerals for missile production. Not the smartest arrangement I’ve ever seen.
Well we can get one salvo off at least.
good luck with that.
