The White House will meet major defense contractors to boost weapons output as the Pentagon seeks billions to replenish stockpiles depleted by recent Iran-related military operations.
The Trump administration plans to host top U.S. defense contractors at the White House on Friday to accelerate weapons production after recent strikes on Iran depleted stockpiles, five sources told Reuters. Companies including Lockheed Martin and RTX Corporation have been invited. The Pentagon has drawn heavily on munitions amid conflicts in Iran, Ukraine and Gaza.
Deputy Defense Secretary Steve Feinberg is leading efforts on a supplemental budget request of about $50 billion to replenish supplies. The U.S. deployed Tomahawk missiles, F-35 jets and drones in recent operations. President Donald Trump said this week there was a “virtually unlimited supply” of munitions and that wars could be fought “forever” with existing stocks.
The administration has increased pressure on contractors to prioritize production over shareholder payouts, with potential penalties for underperforming firms. The Pentagon may soon release a list of companies required to submit corrective plans within 15 days or face enforcement actions, including possible contract terminations.