Air Force Ballistic Missile Becomes A Test Case For Trump Industrial Strategy [Forbes]
Aerojet Rocketdyne Holdings, Inc. (AJRD)
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Source: Forbes
In September the White House released a long-awaited interagency study documenting the decline of the U.S. defense industrial base. It found that the number of companies capable of building essential combat systems had withered to only one or two in many cases, and that even when multiple domestic sources were still available, they often faced “single points of failure” in their supply chains. The study identified government contracting behavior as a key factor contributing to industrial decay. In recent months, I have written pieces describing how the Army often exhibits little concern for industrial-base impacts in its spending decisions. Today’s piece is about the Air Force, and how it can either help or harm the defense industrial base depending on how it buys the nation’s next intercontinental ballistic missile. The Minuteman III ICBM that comprises one leg of the nation’s nuclear triad has grown decrepit with age. It has exceeded its planned design life by decades, and i
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