The Department of Defense is expected to prioritize new contractors and lower-cost weapons systems as it bolsters the magazine depth of missile munition systems, according to analysts at Truist Securities.
- Analyst
Michael Ciarmoli says the department is “undergoing a fundamental shift toward prioritizing the rapid acquisition of low-cost, attritable munitions to counter threats and address the unsustainable mix of high-cost weapons”- Says “nimble new entrants have been able to address and develop” the high-volume demand driven by the geopolitical backdrop
- “While there is still clear demand and support for exquisite munitions, they have historically been lower-volume systems with longer production ...