• The Missile Defense Agency (MDA) is facing a gap in THAAD interceptor deliveries.
• The agency has a backlog of 100 THAAD missiles.
• The gap is expected to last until April 2027.
• The Pentagon is struggling to replenish the inventory due to budgetary uncertainty and inconsistent demand from the US government.

This situation may indicate a lack of stability in the US defense budget and procurement process, which could impact the entire missile defense industry. The inability to replenish THAAD stockpiles could lead to a shortage of interceptors, making it difficult for the US military to respond to emerging threats. The study suggests that the Pentagon needs to address budgetary uncertainty and swings in procurement orders to stabilize the industry.