The Pentagon and defense contractors are heavily reliant on magnets and rare earth minerals mined or processed in China, which has suspended exports of the materials in an escalating trade war.
Tag: Northrop Grumman Corporation
Israel-Hamas War Adds to Surge in Global Weapons Sales
Israel’s conflict with Hamas, Russia’s invasion of Ukraine and the rise of China have brought a boom for weapons makers and a chance for Washington to build closer military ties to other countries.
Military Spending Surges, Creating New Boom for Arms Makers
The combination of the war in Ukraine and concern about longer-term threats from Russia and China is driving a bipartisan push to increase U.S. capacity to produce weapons.