Gunning for the Top

"[Before the U.S. entered World War II], Roosevelt said the U.S. would produce 50,000 airplanes in the next four years. Everyone thought it was a joke. And it was, because it turned out we produced 100,000 airplanes. We gave the air force an armada that would block the sun." – Sam Seaborn, West Wing

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As the winds of war swept across the world in the late 1930s, the U.S. had no real defense industry to speak of, relying instead on civilian industrial titans like General Electric, Ford, Chrysler, General Motors, and Boeing to repurpose their factories to supply the underequipped U.S. military. In the years after World War II, the defense industry grew at such speed that by 1961, President Dwight Eisenhower felt compelled to famously warn of the potentially "grave implications" of a "military-industrial complex" (a term he is credited with coining).

Whether Ike's warning was warranted or not, the U.S. defense sector has grown in the decades since to become the largest on the planet. It dominates global arms exports, and taken as a whole, is generally regarded as the most technologically advanced and the most capable in terms of manufacturing capabilities. 

But new challengers are arising.

China has been ramping up defense spending immensely, seekin...
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