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Nov 8, 2025 12:10 AM

Hegseth Warns US Defense Contractors: Speed Up Or Fade Away

U.S. Defense Secretary Pete Hegseth warned major defense contractors on Friday, including Lockheed Martin Corp. (NYSE:LMT), RTX Corp. (NYSE:RTX), Northrop Grumman Corp. (NYSE:NOC), Boeing Co. (NYSE:BA) and General Dynamics Corp. (NYSE:GD), that they must speed up weapons development and production or risk becoming obsolete.

New ‘Deal Team’ To Reshape Pentagon Procurement

Speaking at the National War College in Washington, Hegseth announced the creation of a specialized “deal team” within the new Wartime Production Unit. According to a tweet from the Department of War, the initiative is designed to transform production capacity through innovative business agreements.

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