The Pentagon is asking Congress for nearly $90 billion in emergency supplemental funding, with $21 billion specifically earmarked for replacing munitions consumed during the conflict with Iran, estimated at $37.5 billion. This request represents six times the $3.5 billion already sought in 2025 for missile interceptors. Defense Secretary Pete Hegseth and Joint Chiefs Chairman Dan Caine are the main advocates pushing this request forward. The injection of nearly $90 billion into US bond markets is likely to push yields higher and strengthen the dollar. RTX Corp, formerly Raytheon, manufacturer of the Patriot system and other interceptor platforms, stands among the primary beneficiaries of this funding package.
Source: Read the original article
