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Despite misgivings from the defense industry and the Defense Department about U.S. capacity to produce forged parts for aircraft, ordnance, tanks, and submarines, the domestic supply chain has more than enough capacity to meet the nation’s defense needs, the head of an industry association said on Wednesday. For forgers that are largely focused on the defense industry, their capacity utilization is at 41 percent, which could be why these companies expect to see 8 percent fewer sales in 2024 versus…
