Pentagon and SBA launch WWII-style panel to channel funds to small defense firms
Defense Secretary Pete Hegseth and SBA Administrator Kelly Loeffler announced a new Smaller War Plants Commission on Tuesday, modeled after a 1942 program, to direct expertise and capital to smaller defense suppliers. Hegseth said the initiative aims to end reliance on foreign supply chains and bolster the U.S. industrial base, while Loeffler noted that small manufacturers make up 70 percent of the defense industrial base. The commission will oversee loans, contracts, and technical assistance to help these companies scale up for military needs.
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Original headline: “Hegseth, Loeffler announce commission to surge aid to small defense contractors.” Browse more stories.