China's Hypersonic Missiles Spur Race for US Billion-Dollar Worth of Contract – Bloomberg

Top U.S. defense contractors are competing for billions of dollars of work tied to the next big technology focus in national-security circles: hypersonic weapons. 

The military’s renewed interest in ultra-high-speed missiles — spurred by concern that the U.S. is lagging behind Russia and China — opens the door to lucrative contracts that could last decades. That may provide a much-needed boon for manufacturers seeking to capitalize on growth segments as the Biden administration keeps overall defense outlays in check. 

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