In the 20th century, the phrase “Arsenal of Democracy” signified more than mere World War II propaganda. America’s industrial base — and the science, technology, engineering and education capabilities that undergirded it — became distinguishing sources of its superpower status, as well as its economic vitality.
Today, the industrial base as a whole is experiencing changes perhaps as never before. While individual firms and programs continue to rise and fall, the overall U.S. national security marketplace (now extending beyond traditional defense issues) is wrestling with revolutions in technology, new modes of warfare, and uncertainty in everything from its labor pool to trade policy to budgetary resources.