Senior Pentagon officials say they are prepared to spend new money and take other actions to "selectively intervene" in the U.S. defense supply chain if they deem it necessary to protect the industrial base from "predatory" Chinese influence or market-driven failures. Under Secretary of Defense for Acquisition and Sustainment Ellen Lord told reporters during a briefing this evening the Pentagon will leverage existing statutory authority under the Defense Production Act, which Congress recently reauthorized until 2025, to invest in vulnerable...
