In the weeks before launching strikes in Iran, the Trump administration had a problem: figuring out how to spend the $500 billion in extra Pentagon money the White House plans to request from Congress next year. Just two days later, the administration told Congress that in the next year alone, it plans to burn through $153 billion in additional military funding approved in 2025 — money Congress expected to be spent over five years.

Now, less than a week after the strikes, executives representing weapons manufacturers including RTX (formerly Raytheon) and Lockheed Martin are scheduled to meet with President Donald Trump to discuss the nation’s “diminishing” munitions stockpiles.

While the president insists US munitions reserves have “never been higher or better,” defense industry–funded consultants and lobbyists are warning that in less than a week, the United States has “burn[ed]” through its precision-guided long-range missile reserves. They argue that a shrinking industrial base and declining productivity could undermine US military objectives in places like Ukraine and Israel. Of particular concern are the country’s stockpile of precision missile interceptors, a quarter of which were reportedly depleted in just twelve days of fighting between Israel and Iran last summer and are on track to be further drained in the Iran war.