The U.S. defense and security establishment is refocusing on great power competition, as Russia’s war on Ukraine rages and as China asserts itself as a superpower in the Asia-Pacific region. For the defense industrial base, this challenge is compounded by adverse market conditions, industry officials told the House Armed Services Committee Wednesday.
Some of these challenges – inconsistent appropriations and continuing resolutions – are longstanding but more recently inflationary costs, barriers to market entry, consolidation and workforce challenges are complicating the ability of vendors to execute on the strategic pivot.
