The war in Ukraine and rising tensions over Taiwan have caused demand for high-tech, American-made weapons to surge. Can U.S. defense companies keep up?
The war in Ukraine and rising tensions over Taiwan have caused demand for high-tech, American-made weapons to surge. And with the ongoing supply chain crunch and inflation continuing to rise, military industry watchers question whether the U.S. defense sector can keep up.
Even with the largest defense budget in the world, the U.S. military is not immune to supply chain challenges. But with an already massive budget and questions on Pentagon spending, some critics think that more funds may not be the answer. Identifying inefficiencies and moving forward with programs that work, while sidelining those that do not, could be one way to address the problems that have plagued previous big-budget Pentagon initiatives. The Department of Defense did not respond to CNBC's request for comment for this story.
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