The military is not exactly ready for war, though. Shipbuilding capacity is greatly diminished and the Navy has massive issues with most of its design and procurement programs. Other services have issues too, though not as severe.
The military is in desperate need of more new contractors like Anduril and SpaceX to provide competition for the incumbents, as well as stronger collaboration with allies like having Japanese shipyards build some of our ships.
Anduril and SpaceX will probably be very good for the MIC. But the incumbents aren't doing too badly - they're currently supplying a proxy war against one of the US's major rivals.
The programs and systems may not be perfect but at least there are programs and systems.
The military is in desperate need of more new contractors like Anduril and SpaceX to provide competition for the incumbents, as well as stronger collaboration with allies like having Japanese shipyards build some of our ships.