Trump Leads Defense Technology Summit After Missile Stock Depletion in Iran Strikes

US President Donald Trump has convened a defense technology summit in Pennsylvania to address depleted missile inventories following repeated strikes on Iran.

• Trump chaired the summit at the Army War College, bringing together defense officials and global investors.
• A May analysis concluded that US contractors will need at least three years to replenish stocks of Tomahawk, Patriot, and THAAD missiles.
• Trump proposed a $1.5 trillion defense budget for 2027, but the enabling package remains stalled in Congress.
• Xi Jinping warned that mismanagement of US-Taiwan relations could lead to a clash between the two countries.