American business leader; CEO and chair of General Dynamics
The US has intensified strikes against Iran as defense stocks remain depleted. A Pennsylvania defense summit highlights vulnerabilities in the supply chain, with officials urging faster production and greater resilience as regional conflicts escalate.
Trump is rallying defense leaders and investors in Carlisle, Pennsylvania, to spotlight a robust defense budget and U.S. industrial ties amid concerns over war funding, inflation, and a volatile security landscape. The event features top defense officials and corporate leaders as Republicans push for greater investment while critics warn of deficits.
Defense Secretary Pete Hegseth has told the Senate Appropriations Committee the US-Israel war on Iran has cost $37.5bn so far and that the Pentagon needs an $87bn supplemental request, including about $67bn for the Iran campaign. Lawmakers have challenged the figures, criticised shifting rationales for the conflict and warned funding gaps will force cuts to training and readiness.