US Arms Industry Struggles to Compete with China's Military Advancements
An unreleased draft of a new Pentagon report warns that the US defense industry is struggling to keep up with competitors like China in a high-tech arms race. The report states that the US defense industrial base lacks the capacity, capability, responsiveness, and resilience required to meet military production needs at speed and scale. It highlights the need for the Pentagon to tap into the expertise of small tech firms while supporting traditional companies to develop new technology faster. The report also emphasizes the importance of a resilient and innovative supply chain, investment in smaller businesses, and collaboration with domestic and foreign entities to address the challenges.