Throughout the Trump and Biden administrations, the U.S. has been on an escalating trajectory toward a new Cold War featuring the prime adversaries from the original, Russia and China. The ratcheted-up rhetoric from U.S. politicians combined with Russia's invasion of Ukraine, the tensions between China and Taiwan, and Beijing's major advancements and investments in weapons systems and war technology " has heralded a bonanza for the defense industry. Congress will soon vote on a record-shattering $857 billion defense spending bill that authorizes $45 billion more than Biden requested. Included in the National Defense Authorization Act of 2023, finalized on December 6, is the establishment of a multiyear no-bid contract system through which Lockheed Martin, Raytheon, Boeing, and other weapons manufacturers are being empowered to expand their "industrial base" and business. The unprecedented flow of weapons to Ukraine has included a substantial transfer of weapons from the U.S. stockpile, amounting to approximately $10 billion worth of weapons. U.S. lawmakers have used this fact to push for expanding the scope of not only weapons procurements to "replenish" the arsenal, but also to maintain the pipeline of weapons to Ukraine and European-allied nations through at least the end of 2024. While Russia's invasion of Ukraine remains a central focus, the appetite for countering China's own expansive weapons and technology development is on track to grow for years to come.