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The new arms race: Low-cost smart missiles | Why everyone wants cheaper weapons

Global superpowers are racing into an urgent arms revolution. The Pentagon faces severely depleted crucial weapon stockpiles after sustained conflicts across the Middle East and Eastern Europe. With US President Donald Trump demanding rapid weapons replenishment, American military chiefs have launched an emergency search for new advance weaponry. But again, money is an issue. With military budgets stretched and modern wars requiring massive ammunition, the new mantra is to build, acquire cheaper, precision weapons.