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War on the Rocks

The Arsenal Beneath the Arsenal

War on the Rocks

War on the Rocks

News, Politics

4.61.1K Ratings

🗓️ 27 February 2026

⏱️ 27 minutes

🧾️ Download transcript

Summary

What does it take to rebuild the foundation of American military power? Michael Cadenazzi, assistant secretary of defense for industrial base policy, joined Ryan at a live event a few weeks back for a fascinating discussion on the state of the defense industrial base (from new VC-backed entrants to the primes), the race for critical minerals, supply chain vulnerabilities, the unsexy realities of implementation, the role of allies, and the challenges of scaling production.
 
He is also looking for your ideas. 
 
Special thanks to Altana for hosting the event at which this episode was recorded.

Transcript

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0:00.0

You are listening to the War on the Rocks podcast on Strategy, Defense, and Foreign Affairs.

0:15.8

My name is Ryan Evans. I'm the founder of War on the Rocks.

0:18.7

A few weeks back, we sat down with Michael Kadenazi, the Assistant Secretary of Defense

0:23.2

for Industrial Base Policy, and an event sponsored by Altana, and we spoke about the

0:29.5

direction the department is going on, you guessed it, the industrial base.

0:34.6

It was really a good conversation.

0:36.0

It was great to see Michael for the first time in years.

0:39.1

Enjoy the show. So Mike and I actually go back. We were catching up a little bit. We first

0:44.4

connected about 10, 11 years ago.

0:46.7

2015, I think it was. And he's just gone onward and upward. So Mike, thanks for making the

0:51.8

time to join us to have this conversation. My pleasure.

0:55.0

I'm a huge fan of the product and the organization.

0:57.0

It's an incredible forum for the industry and thank you for hosting me.

1:00.0

Thanks.

1:01.0

So you have a pretty big job, industrial base.

1:05.0

You've been hard at work since, what, September now?

1:08.0

About four months.

1:09.0

Yeah.

1:10.0

And have you solved critical minerals yet?

1:11.9

So solved it. They're no longer critical. We are working on a whole host of things. As you've seen,

1:16.6

we've done some really transformational things. I actually, I've told everybody, I've spent more

1:20.8

time on chemistry than I have since 10th grade. I have periodic table of the elements. It's taped to the

...

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