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JPM Says US Defense Base Faces 'Evolve Or Die' Moment As Warfare Forever Changes

JPM Says US Defense Base Faces 'Evolve Or Die' Moment As Warfare Forever Changes For several quarters, we have described the Trump administration's massive push to reshape the military-industrial complex, from DOGE-driven efforts inside the Department of War to reset the procurement process, to a broader pivot toward fast-moving "war unicorns," like Anduril, rather than bloated legacy defense primes. The urgency of that transition is now capturing Wall Street's attention. JPMorgan analysts frame it as a major inflection point: America's defense industrial base must shift away from slow-moving, costly production...
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