Arms makers are licking their chops as defense officials worry about shortfalls in weapons stockpiles.

Pentagon stockpiles ‘uncomfortably low’ due to Ukraine arms transfers: DoD

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Ukraine War Depleting U.S. Ammunition Stockpiles, Sparking Pentagon Concern

In recent weeks, the level of 155 mm combat rounds in U.S. military storage have become “uncomfortably low,” one defense official said. The levels aren’t yet critical because the U.S. isn’t engaged in any major military conflict, the official added. “It is not at the level we would like to go into combat,” the defense official said.

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In the U.S., it takes 13 to 18 months from the time orders are placed for munitions to be manufactured, according to an industry official. Replenishing stockpiles of more sophisticated weaponry such as missiles and drones can take much longer.

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Speaking on an earnings call July 19, Jim Taiclet, chief executive of Lockheed Martin Corp., said…