Urgent.News

What's breaking now, across thousands of outlets.

Business

US plans major missile production boost amid war

The US Department of War announced two framework agreements on Friday, in collaboration with Boeing and RTX, to expedite the production of crucial components for the Standard Missile-3 Block IB and Block IIA interceptors. These agreements aim to bolster the supply chain for ship-fired surface-to-air interceptors, which are vital to the Aegis Ballistic Missile Defense System and a key part of the US sea-based missile defense strategy.

Michael P. Duffey, Under Secretary of War for Acquisition and Sustainment, emphasized that these agreements ensure the Warfighters receive the necessary munitions to succeed. Duffey further stated that the agreements will help stabilize supply chains, increase munitions production, and position the US defence industrial base for wartime readiness.

The Department highlighted that the agreements were enabled by its Acquisition Transformation Strategy, which aims to streamline bureaucratic processes and facilitate more direct engagement with suppliers in the defense industrial base.

Written by urgent.news from The Economic Times's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.

Read the original at economictimes.indiatimes.com →

More in Business

My Job Hasn't Changed. My Day Has.

Times are changing, my role is changing, my focus is changing, my impact is changing. But in essence – I'm still doing the same. I still build products that drive impact.

  • My role evolved from coding to process creation
  • AI agents handle coding, I focus on improving team performance
  • Daily question: how to improve job by small margin each day

More from Friday 14 August →