Macro
Why the Pentagon Is Hunting for Sub-$750,000 Missile Interceptors
Facing soaring cost-per-shot asymmetry, the military is funding a wave of clean-sheet interceptors and hypersonic strike weapons engineered from scratch for affordable mass.
Macro
Policy and Budgets
The Senate CR Funds the Pentagon—But Blocks New Multiyear Munitions Starts
The Senate’s 90-6-1 stopgap would fund the Pentagon through Dec. 11 at FY26 levels while rejecting a $1B battleship anomaly and five multiyear munitions obligations. The House CR ends Dec. 4—compromise still required.
Policy and Budgets
Europe Goes Bilateral and Congress Goes to $1.1 Trillion: The Week That Redrew the Defense Budget Map
The UK and Poland signed the Northolt Treaty on May 27. The House Armed Services Committee released its FY27 defense bill on May 29. Together, these two events tell the same story: the global defense budget architecture is being rebuilt from scratch.