"For years after the Cold War, the US enjoyed a near monopoly on advanced military technologies. That is changing rapidly," Senator John McCain, Chairman of the powerful Senate Armed Services Committee, told a Washington audience.
"From China and Russia, to Iran and North Korea, we see militaries that are developing, fielding, and employing long- range precision guided weapons, advanced fighter aircraft, anti-access and area-denial systems, growing space and cyber capabilities, and other advanced weapons," he said speaking at the Brookings Institute, a top American think-tank.
McCain said the US is now struggling to innovate against an acquisition system that too often impedes their efforts. The F-35 jets, he said, has been in development for 15 years.
"I get a new smart phone every 18 months. We should be able to upgrade our weapons on a similarly rapid turn," he said.
Meanwhile, US Defense Secretary Ashton Carter expressed his deep concerns regarding proposals included in the National Defense Authorization Act which passed the House a day earlier.
This approach is deeply troubling for several reason.
"First, it's gambling with warfighting money at a time of war, proposing to cut off funding for ongoing operations in the middle of the fiscal year. Second, it's a step in the direction of unraveling the bipartisan budget agreement agreed to just seven months ago, which has provided critical stability the Department of Defense needs," he said.
"Buying force structure today without the resources to sustain it tomorrow is not a path to increased readiness. It's a path to a hollow force and exacerbates the readiness challenges we currently have," Cook added.
You’ve reached your limit of {{free_limit}} free articles this month.
Subscribe now for unlimited access.
Already subscribed? Log in
Subscribe to read the full story →
Smart Quarterly
₹900
3 Months
₹300/Month
Smart Essential
₹2,700
1 Year
₹225/Month
Super Saver
₹3,900
2 Years
₹162/Month
Renews automatically, cancel anytime
Here’s what’s included in our digital subscription plans
Exclusive premium stories online
Over 30 premium stories daily, handpicked by our editors


Complimentary Access to The New York Times
News, Games, Cooking, Audio, Wirecutter & The Athletic
Business Standard Epaper
Digital replica of our daily newspaper — with options to read, save, and share


Curated Newsletters
Insights on markets, finance, politics, tech, and more delivered to your inbox
Market Analysis & Investment Insights
In-depth market analysis & insights with access to The Smart Investor


Archives
Repository of articles and publications dating back to 1997
Ad-free Reading
Uninterrupted reading experience with no advertisements


Seamless Access Across All Devices
Access Business Standard across devices — mobile, tablet, or PC, via web or app
