The shift in procurement comes after President Trump questioned Feinberg from Camp David about reports that low stockpiles were pausing attacks on Iran. Current Iranian missile salvos require more interceptors to stop than early in the war, leaving the U.S. firing missiles faster than the current replenishment deals can replace them.
Wednesday, October 21, 2026
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Congress Limits US Missile Funding to $8B of $28B Request
War12 days ago
Deputy Defense Secretary Steve Feinberg is deploying a Wall Street acquisition strategy to resolve a $20 billion deficit in missile procurement. The Pentagon requested $28 billion in emergency funds to replace thousands of missiles expended in the war with Iran, but Congress provided only $8 billion. To bridge the gap, Feinberg is using government stakes in suppliers and directing $300 million to a turnaround firm linked to his former company, although many of these production deals currently lack funding.
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