The Trump administration has invoked authorities under the Defense Production Act to address what it describes as systemic constraints in the U.S. munitions industrial base, delegating new powers to Defense Secretary Pete Hegseth to establish voluntary agreements and plans of action with industry. In a June 11 presidential memo , President Trump found conditions exist that "may pose a direct threat to the national defense or its preparedness programs," citing limited production capacity, fragile supply chains, long-lead dependencies and...