This episode of IARI International Podcast explores the deep transformation of the global defense industry in 2025, highlighting the shift from a conventional arms market to a true regime of strategic production.The analysis shows that deterrence today no longer depends only on defense spending, but increasingly on industrial depth: the ability of states and companies to turn budgets into real operational capabilities quickly and effectively.At the center of the discussion are the so-called industrial nodes of sovereignty, where control over critical technologies — missiles, sensors, space systems, and advanced platforms — defines the strategic leverage of states in an increasingly competitive international environment.The episode provides an analytical framework to understand how geopolitical tensions, supply chain vulnerabilities, and the return of high-intensity conflict are forcing a global reorganization of defense production.The key question is no longer simply who spends more on defense, but who can produce faster, adapt better, and sustain military power over time.IARI International Podcast — understanding global security, one strategic shift at a time.