Iran war increasing inflation, straining US munitions: congressional report
Report by nonpartisan research body finds that replenishing depleted munitions stockpiles could take up to five years.
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Report by nonpartisan research body finds that replenishing depleted munitions stockpiles could take up to five years.
The US military faces shortages of key munitions due to the Iran war and industrial "bottlenecks" to rebuild stockpiles, a Pentagon watchdog warned in a report published on Monday, contradicting US President Donald Trump's assurances that ammunition supplies are "virtually unlimited".
The report noted "the munitions expenditure on OEF has resulted in strategic inventory shortfalls and revealed industrial base bottlenecks for munitions resupplyโ
The US retains significant munitions capacity for operations against Iran, but stocks of sophisticated interceptors missiles have come under greater pressure. Bloomberg Intelligence Senior Defense Analyst Col. Wayne Sanders tellsย tells Christina Ruffini and Jeff Mason on Bloomberg This Weekend that manufacturers are being pushed to sharply increase production, a process complicated by sprawling supply chains and concerns about preserving advanced weapons for other potential conflicts. (Source: Bloomberg)