WASHINGTON, D.C. — The Trump administration plans to meet with top U.S. defense contractors at the White House to accelerate weapons production following recent military operations, including strikes on Iran, according to Reuters.
The meeting, scheduled for Friday, will include executives from companies such as Lockheed Martin and RTX, the parent company of Raytheon. Officials are expected to press manufacturers to increase output as U.S. stockpiles have been reduced by support for Ukraine, Israel’s operations in Gaza, and the latest Middle East strikes.
Reuters reported that Deputy Defense Secretary Steve Feinberg is leading work on a potential $50 billion supplemental budget request aimed at replenishing munitions used in recent conflicts. The Pentagon currently plans to purchase 57 Tomahawk missiles in 2026 at an average cost of $1.3 million each, while longer-term agreements could boost production to 1,000 missiles annually.
President Donald Trump has publicly stated that U.S. munitions supplies remain strong, though the administration has increased pressure on defense contractors to prioritize production over shareholder payouts. An executive order signed in January directs the Pentagon to identify underperforming contractors and potentially pursue contract enforcement actions.
Sources:
Discover more from News Facts Network
Subscribe to get the latest posts sent to your email.
