U.S. Central Command said late Friday on X that U.S. forces struck 3,000 IRGC targets with air-delivered munitions during the first week of Operation Epic Fury, signaling that the campaign is only intensifying as it moves into next week.

President Trump wrote on Truth Social Friday that he would not accept a negotiated end to the war with Iran, suggesting the conflict could drag on for some time. "There will be no deal with Iran except UNCONDITIONAL SURRENDER!" he said.

We have reported that U.S. inventories of some critical munitions are running low, with U.S. forces scrambling for supplies of key air-defense interceptors as IRGC missiles and drones continue to target American and allied bases across Gulf states.

Dwindling supplies of critical munitions are being amplified by Ukraine's continued need for interceptors amid relentless Russian missile and drone barrages, a major problem that likely prompted President Trump to host top U.S. defense manufacturers to discuss accelerating missile and bomb production.

"We just concluded a very good meeting with the largest U.S. Defense Manufacturing Companies where we discussed Production and Production Schedules," Trump said on Truth Social late Friday afternoon.

Trump said the CEOs of BAE Systems, Boeing, Honeywell Aerospace, L3Harris Missile Solutions, Lockheed Martin, Northrop Grumman, and Raytheon were all in attendance and "agreed to quadruple" weapons production.

"They have agreed to quadruple Production of the 'Exquisite Class' Weaponry in that we want to reach, as rapidly as possible, the highest levels of quantity. Expansion began three months prior to the meeting, and the plants and Production of many of these Weapons are already underway," the President said.

"We have agreed to quadruple critical munitions production," LMT wrote on X shortly after the meeting.

As the conflict is set to drag on for weeks and weapons production ramps up, the Goldman Sachs index for U.S. defense firms is primed for a breakout. One reason the breakout could occur is USCENTCOM's X post, which reads "We Are Not Slowing Down."

Our defense pick since May 24, 2025, has been L3Harris, another defense firm that attended the meeting. Nearly a year ago, we outlined that L3Harris was a play on the "U.S. Hemispheric Defense Theme." Since then, the stock is up more than 50%.

What is clear to traders is that the moment Trump signals Iran is prepared to surrender, defense stocks and crude are likely to plunge as war risk premiums implode.