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Pentagon plans missile production boost but needs Congress approval amid Iran war funding opposition

Market News
31 Jul 2026
Forbes
View Source
Neutral
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The Pentagon announced agreements with L3Harris and Lockheed Martin to expand production of PAC-3 MSE and THAAD missile interceptors over seven years to replenish stockpiles depleted in the war on Iran. However, these agreements are non-binding and depend on congressional funding, which faces significant opposition as most Americans and the House oppose Iran war spending. While some contracts have been awarded using existing funds, the large-scale production increases require further congressional approval, particularly through a budget reconciliation bill. Ultimately, the future of these missile programs depends on lawmakers' decisions amid political and public resistance to war spending.

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