Pentagon Plans to Allocate $1.5 Billion for Missile Purchases
Mark Maringo, a JP Morgan executive, revealed new trends in defense technology investments, as the Pentagon intends to allocate approximately <strong>$1.5 billion</strong> for purchasing intercept missiles from <strong>Lockheed Martin</strong> and <strong>RTX</strong>. This decision comes amid escalating tensions in Iran, highlighting gaps in defense spending.