Missile sales have turn into the No. 2 defense export in the U.S., based on the Stockholm International Peace Research Institute. And a handful of U.S. firms dominate manufacturing.
Like with plane, missile sales are based mostly on worldwide alliances and treaties. And these sales can turn into hot-button points, like a current sales proposal of Boeing’s Harpoon missiles to Taiwan, or a failed bid to promote the Patriot missile system produced by Raytheon to Turkey.
As defense expertise turns into extra superior, cheaper options like smaller guided missiles and loitering munitions might change the dynamic on the battlefield.
“We’ve we’ve entered a kind of new missile age,” stated Tom Karako, a senior fellow at the Center for Strategic and International Studies.
Watch the video above to learn the way the U.S. missile business works, how a lot cash it makes for American defense contractors, and what’s subsequent for the way forward for the trade.