Pentagon boosts weapons production with $500M investment ...Iraq

The US Department of War on Wednesday announced a frameworkagreement with Honeywell Aerospace to expand production of key components forits munitions stockpile, including navigation systems, actuators, andelectronic warfare equipment.

“Our strategy is to provide the long-term demand signalsthat unlock private investment, and this half-billion-dollar commitment fromHoneywell Aerospace demonstrates we are succeeding,” said Michael Duffey, UnderSecretary of Defense for Acquisition and Sustainment.

The deal also involves coordination with major defensecompanies, including Lockheed Martin and RTX, through the department’sMunitions Acceleration Council to align supply chains and support increasedoutput.

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