1 source · first reported 2h ago
Lockheed Martin's CEO is advocating for a shift in US defense procurement towards long-term, commercially structured contracts. This would allow weapons makers to invest their own capital with greater confidence before orders arrive. The goal is to accelerate weapons output and unlock private investment.
Long-term contracts could provide stability for defense manufacturers, enabling them to invest in research and development, and ultimately accelerating the production of critical weapons systems. This shift in procurement strategy has significant implications for the US defense industry and its ability to meet national security needs.
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