With Iran-related fighting and the Russia-Ukraine war depleting U.S. munitions stocks, the Pentagon has pledged nearly $100bn to defense contractors to accelerate production of Patriot and THAAD interceptors and has ordered 14 nuclear submarines under a $76.6bn contract. Sources on the 29th said the Pentagon has restructured a Patriot purchase signed in April — a one-year $4.7bn contract — into a draft seven-year deal worth $58.6bn, and has preliminarily agreed a seven-year THAAD interceptor con

With Iran-related fighting and the Russia-Ukraine war depleting U.S. munitions stocks, the Pentagon has pledged nearly $100bn to defense contractors to accelerate production of Patriot and THAAD interceptors and has ordered 14 nuclear submarines under a $76.6bn contract. Sources on the 29th said the Pentagon has restructured a Patriot purchase signed in April — a one-year $4.7bn contract — into a draft seven-year deal worth $58.6bn, and has preliminarily agreed a seven-year THAAD interceptor contract totaling $35bn. Both procurement documents are not final but indicate a shift toward multi-year contracts to incentivize contractors to expand capacity in return for stable, sustained orders.