The Biden administration has launched a whole-of-government campaign to rebuild America’s flagging industrial might. Many federal agencies are involved, but the Department of Defense could end up being the most important. America’s military is a huge source of demand for complex industrial products, and the biggest defense contractors are serial innovators. Spending on national security enjoys broad bipartisan support. The military is pushing suppliers to adopt the latest digital production tools, and routinely enters into public-private partnerships. I have written a commentary for Forbes here.
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