U.S. Undersecretary of Defense Michael Duffey: Pentagon pushes multiyear missile deals

Summary

Michael Duffey discusses U.S. munitions readiness and Pentagon efforts to use multiyear procurement deals to rebuild defense production. He details seven-year Tomahawk and Patriot missile agreements with Raytheon and Lockheed Martin, emphasizing private capital, stable unit costs and profit sharing. He also says the Pentagon is expanding beyond traditional primes to new entrants and Hanwha's U.S. investments.

• Guest says U.S. military remains prepared while rebuilding the defense industrial base.
• Multiyear Tomahawk missile deal with Raytheon supports 3,000 Tucson jobs.
• Seven-year Patriot missile deal with Lockheed Martin is part of the same push.
• Contracts are structured to hold unit costs steady and include profit sharing.
• Congressional funding is still required but seen as broadly supported.
• Hanwha is investing in the Philly shipyard and Pine Bluff Arsenal.
• Pentagon is also engaging new defense entrants like Anduril and others.