The United States may be winning individual battles with superior weaponry, but the nation lacks the industrial capacity to sustain a prolonged global conflict, according to a senior executive at one of America’s leading defense technology companies.

Shyam Sankar, chief technology officer of Palantir Technologies, has issued a stark warning about America’s military readiness in his new book, “Mobilize: How to Reboot the American Industrial Base and Stop World War III.” His central thesis is troubling: while American weapons systems continue to demonstrate superiority on today’s battlefields, the industrial foundation required to maintain that advantage in an extended war has eroded to dangerous levels.

Sankar characterizes the current state of affairs as an “undeclared emergency.” The nation has, in his assessment, nearly surrendered the industrial deterrence that has historically prevented major power conflicts. Meanwhile, global adversaries are growing both more capable and more emboldened.

Recent American military operations, including actions against the Maduro regime in Venezuela, Operation Midnight Hammer, and current engagements involving Iran, demonstrate continued tactical superiority. These successes, however, may obscure a more fundamental weakness. Sankar cautions that these confrontations could represent preliminary skirmishes preceding a much larger conflict, one for which America’s industrial base remains woefully unprepared.

The timing of these warnings coincides with escalating tensions with Iran, where American forces have recently demonstrated the effectiveness of advanced weapons systems. Yet Sankar argues that humiliating adversaries in limited engagements, while tactically satisfying, does little to address the strategic vulnerability posed by America’s diminished manufacturing capacity.

The concern centers on sustainability. Modern conflicts between major powers would likely involve extended campaigns requiring continuous production of sophisticated weapons, ammunition, and equipment. The American industrial base, hollowed out by decades of outsourcing and underinvestment, may lack the capacity to meet such demands.

Sankar contends that America has only begun to restore genuine deterrence. True deterrence, in this view, requires not merely superior weapons but the demonstrated ability to produce those weapons in quantities sufficient to prevail in wars of attrition. Without that industrial capacity, potential adversaries may calculate that America’s technological edge can be overcome through sheer volume and endurance.

The global balance of power, Sankar suggests, hangs in the balance. As rivals expand their industrial capabilities and test American resolve through incremental challenges, the window for addressing these deficiencies may be closing.

The path forward, according to Sankar’s analysis, requires clear-eyed recognition of current vulnerabilities and sustained commitment to rebuilding America’s industrial deterrent. Tactical victories, however impressive, cannot substitute for the strategic depth that only a robust manufacturing base can provide.

Whether policymakers will heed these warnings before the next crisis tests America’s industrial resilience remains an open question. What appears certain is that the margin for error continues to shrink as global competitors advance and international tensions mount.

Related: Pentagon Accelerates Weapons Production Under New Defense Industrial Strategy