WASHINGTON — A group of former senior U.S. defense officials is urging the Pentagon to dramatically expand investment in advanced hypersonic weapons and manufacturing capacity, warning that China and Russia are outpacing the United States in developing high-speed, maneuverable missiles that threaten to erode U.S. military deterrence.

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Sandra Erwin writes about military space programs, policy, technology and the industry that supports this sector. She has covered the military, the Pentagon, Congress and the defense industry for nearly two decades as editor of NDIA’s National Defense...