U.S. Munitions Shortfalls and FMS Trade-offs After Operation Epic Fury

CRS reports that U.S. military operations against Iran since February 2026 have created strategic inventory shortfalls in key interceptors (THAAD, Patriot, SM) and exposed industrial base bottlenecks, with CBO estimating $21.7B in replacement costs and a minimum five-year replenishment timeline. Finite production capacity is creating direct trade-offs between filling Foreign Military Sales orders for allies and...