The one little point in all of this:
The surge in spending is likely to translate in the long run into increased profits at military contractors. But in the short term several of them, like Lockheed, continue to struggle to hire workers and eliminate shortages of key components needed to meet the Pentagon’s demand.
So the MBAs globed onto the "Peace Dividend" and basically encouraged take overs/mergers to reduced costs.
It worked.
Now they're seeing the consequences in cost cutting, and production takes a long, long time to ramp up.
The winners are the last man standing - Lockheed Martin.
This is a detailed article about the military industrial complex in the US. It explains shortages, often of basic bearings and motors, in order to fund higher cost new weapons. MUST Read.