The free America Unleashed Summit with Joel Litman takes place on Thursday, September 24 at 10 a.m. Eastern time. This live online event focuses on a major change inside America’s defense industry. It covers the long-running munitions shortage, the planned surge in Pentagon spending, and the companies that could benefit as the government rebuilds its stockpiles.
Joel Litman hosts the session. He is joined by Whitney Tilson, Dave Lashmet, and a 25-year former Pentagon insider who has helped broker billions in defense contracts. The goal of the summit is straightforward: explain what is happening in Washington right now and show attendees how to position themselves before the wider market catches on.
Most people have never heard the full story of how America reached this point. In 1993, 51 defense companies walked into a private dinner at the Pentagon. By the end of that night, only five walked out with a clear future. Defense insiders still call it “The Last Supper.” That single evening set off decades of consolidation. The number of suppliers shrank. Production capacity for key munitions and systems declined. When demand rose sharply in recent years, the shortfalls became impossible to ignore.
That history is why September 24 matters. An elite group of decision-makers is preparing to reverse the old approach. They are expected to identify the companies that will help restock America’s munitions and expand production capacity. Peter Thiel has called the coming change “The First Breakfast.” The idea is simple. After thirty years of consolidation, the Pentagon is looking for a new generation of smaller, faster, and more agile suppliers.
The scale of the planned spending is large. Estimates point to roughly $1.5 trillion in new defense-related outlays—the biggest increase in generations. That money will not flow evenly. Some established contractors will receive contracts, but a meaningful share is expected to go to companies that can scale quickly and deliver modern systems. Many of those names are not yet household words. That is the core opportunity the free summit addresses.
Joel Litman will walk through the bigger story behind the munitions shortage. He describes the moment as an historic overhaul of the U.S. military, one not seen since the end of the Cold War. He plans to share the shortlist of under-the-radar suppliers that appear positioned to benefit. He will also provide one specific stock recommendation that attendees can act on right away.
Why the 1993 “Last Supper” Still Shapes Today’s Munitions Shortage
The private dinner in 1993 was not a social event. It was a deliberate policy signal. Defense budgets were falling after the Cold War. Officials wanted fewer, larger contractors that could survive with less work. Companies were told to merge or risk being left behind. The result was rapid consolidation. Dozens of suppliers disappeared through mergers or exits. The remaining firms became highly efficient at certain products but less flexible overall.
Over the following decades, the industrial base narrowed further. Specialized production lines for certain munitions, components, and systems were reduced or closed. When geopolitical tensions rose and usage rates increased, the system could not keep up. Stockpiles ran low. Lead times stretched. The shortage became a strategic concern.
Joel Litman and the panel at the America Unleashed Summit will explain this history in plain language. They will show how the decisions made in 1993 directly contributed to the situation the country faces now. Understanding that background helps explain why Washington is prepared to change course so sharply.
The free summit does not stop at history. It connects the past to the present policy response. Decision-makers are expected to select a new group of preferred suppliers. Those companies will be tasked with replenishing stockpiles and building surge capacity. The process is already under way. The companies that land on the shortlist could see multi-year visibility on contracts and production.
The $1.5 Trillion Spending Wave and What It Means for New Suppliers
The planned increase in defense spending is the largest in decades. Roughly $1.5 trillion is the figure being discussed across multiple accounts and programs. That capital will support munitions production, modernization, and the expansion of the industrial base. Not every company will receive the same share. Officials are looking for suppliers that can deliver faster, adapt to new requirements, and operate at lower cost than the old model allowed.
This is where the “First Breakfast” idea becomes practical. Instead of relying only on the large legacy contractors, the government is expected to bring in a broader set of firms. Some will be smaller public companies. Others may be lesser-known names that already have relevant technology or production experience. The free America Unleashed Summit with Joel Litman is designed to identify the types of companies most likely to benefit and to name one specific stock that appears well positioned.
Past examples show how quickly markets can react when contracts are awarded or when policy direction becomes clear. One supplier jumped 97 percent in three hours after a large Homeland Security award. Another rose 112 percent in a single trading session after its first Air Force contract. Several defense-related names delivered multi-thousand-percent gains over two- or three-year periods in recent years. Those moves occurred before the current spending plans and before the formal process of selecting a new preferred group of suppliers.
The argument presented at the summit is that the largest part of the re-rating may still lie ahead for the companies that end up on Washington’s shortlist. Attendees will hear the reasoning in detail and receive one concrete ticker to evaluate immediately.
Meet the Experts Speaking at Joel Litman’s Free Summit
Joel Litman: Host and Market Analyst
Joel Litman is the founder and chief investment officer of Altimetry. He previously worked at large accounting and consulting firms including Deloitte, Credit Suisse, and PricewaterhouseCoopers. What he saw in the numbers bothered him—miscalculations, discrepancies, and practices that hid real value from ordinary investors. He left to build a clearer valuation system known as the Altimeter.
His work has been followed by more than half of the world’s top 300 money managers. It has reached officials at the Pentagon and the FBI. He has publicly flagged major market turns, including the 2008 crash, the 2020 COVID decline, the subsequent rebound, and several sharp sell-offs in later years. He has also recommended companies that later became large-cap leaders, including early calls on names that posted gains measured in the thousands of percent.
On September 24 Joel will outline the exact sequence of steps he believes investors should consider. He will name one stock he expects to appear on the shortlist. His presentation forms the core of the free America Unleashed Summit.
Whitney Tilson: The Investor CNBC Called “The Prophet”
Whitney Tilson is a former hedge-fund manager who once ran more than $200 million. CNBC nicknamed him “The Prophet” for the accuracy of several high-profile market calls. He tripled his clients’ money in the 2000s and outperformed the broader market during major downturns.
He predicted the dot-com crash in 2000. He warned about the housing crisis and later appeared on 60 Minutes to call the bottom of the market. He investigated Lumber Liquidators in a segment that won an Emmy. He has called major tops and bottoms in Bitcoin and marijuana stocks with notable timing. He also urged investors to buy near the March 2020 low.
Whitney has recommended or bought early positions in companies that later became household names, including Apple, Amazon, Netflix, and others at very low split-adjusted prices. He has attended 26 consecutive Berkshire Hathaway meetings and has a long association with the value-investing community.
At the free summit he will discuss newer defense technologies he has seen firsthand, including systems used in Ukraine. His role is to give a practical investor’s view of the companies building the next generation of capabilities.
Dave Lashmet: Technology and Defense Analyst
Dave Lashmet was the first analyst hired by MarketWise founder Porter Stansberry. He has identified more stocks that later gained 1,000 percent or more than almost anyone else in that network. He recommended Nvidia in 2016, well before the broader market recognized the trend.
He travels more than 50,000 miles a year to examine developments in technology, aerospace, and defense. He has worked alongside NASA teams to spot breakthroughs early. That boots-on-the-ground approach has produced a string of triple-digit winners, including one that rose 1,132 percent.
On September 24 Dave will discuss the collision of advanced technology and traditional defense procurement. He plans to share research he normally reserves for his highest-level subscribers. His section of the free summit focuses on the specific capabilities the Pentagon is likely to prioritize.
The 25-Year Pentagon Insider
The fourth guest spent 25 years in uniform, leading soldiers in combat zones from Iraq to Afghanistan. He later served three tours inside the Pentagon and helped build a new defense agency from the ground up. Today he works inside one of the largest defense contractors and has personally brokered billions of dollars in contracts.
He rarely appears on camera. Joel Litman calls him his number-one source for how decisions actually get made in Washington. At the free America Unleashed Summit he will explain the process by which shortlists form, how contracts are awarded, and which characteristics the government is prioritizing right now—speed of production, cost control, and modern capabilities.
What You Will Receive at the Free America Unleashed Summit
When the live session begins on September 24, Joel Litman and the panel will cover several concrete items:
- The full background of the munitions shortage and why it traces back to the 1993 dinner.
- How the planned $1.5 trillion in spending is expected to be allocated.
- The shortlist of under-the-radar defense suppliers that appear positioned to benefit.
- One free stock recommendation with the ticker that attendees can evaluate immediately.
- Direct insights from a Pentagon insider who has worked both in uniform and on the contractor side.
- Technology and battlefield observations from Whitney Tilson and research notes from Dave Lashmet.
The session is structured so that the information is usable the same day. Attendees are encouraged to have a pen and paper ready for the specific stock name and ticker.
How the Free Summit Is Structured and How to Prepare
The event starts promptly at 10 a.m. Eastern time on Thursday, September 24. That is 9 a.m. Central, 8 a.m. Mountain, and 7 a.m. Pacific. A private viewing link is sent by email before the live start. Organizers recommend joining five to ten minutes early to test sound and connection.
Registration is completely free.
After signing up, participants receive short preparatory videos over the following days. These videos explain the setup in more detail and help attendees arrive ready.
A free report titled “The Next SpaceX: President Trump’s Favorite Defense Stock” is also available upon registration. The report includes the name and ticker of a company Joel believes could play a meaningful role in the coming buildup.
Text-message reminders are offered for those who prefer them. The goal is to make sure no one misses the live window.
Act Now Before the Story Goes Mainstream
The selection process in Washington is already moving. Once contracts begin to be awarded and the selected companies become more visible in the press, the information advantage narrows. The free America Unleashed Summit is designed to deliver the story before it becomes mainstream coverage.
Most investors currently focus on the large, familiar names. The panel argues that the bigger percentage opportunities are more likely to appear among the newer or lesser-known suppliers that land on the shortlist. Hearing the reasoning and the specific names on September 24 is presented as the practical way to stay ahead of that shift.
Joel Litman has described the setup as one of the largest catalysts he has seen in decades. The combination of policy direction, large authorized spending, and a deliberate effort to broaden the supplier base creates a concentrated set of potential catalysts. The free summit puts those pieces together in one place.
Detailed Look at Past Defense Sector Moves
Recent years have already produced large percentage gains in the defense sector. Several names delivered returns of 3,000 percent or more over two- or three-year periods. Shorter-term contract announcements have produced triple-digit moves in hours or a single day. One example is the 97 percent jump in three hours after a major Homeland Security award. Another is the 112 percent rise in a single session after a first Air Force contract.
Those moves occurred against a backdrop of rising demand and before the formal process of selecting a new preferred group of suppliers. The free summit with Joel Litman argues that the current policy moment is larger in scale. The planned spending figure and the explicit goal of reversing decades of consolidation create a different magnitude of opportunity.
Attendees will hear the specific companies the panel believes are best positioned and the reasoning behind each view. One ticker will be named live so that participants can begin their own research immediately.
What Is Happening in Washington Right Now
America’s defense industrial base is entering a period of rapid change. Officials have recognized that the current structure cannot meet surge requirements. The response is a combination of increased funding and a deliberate effort to bring in additional suppliers. The companies that win the new contracts will have multi-year visibility. Investors who understand the selection criteria early will be in a position to evaluate those names before they become consensus holdings.
The free America Unleashed Summit is the venue where that information is being shared by people who have followed the process closely. Joel Litman provides the market and valuation framework. Whitney Tilson adds the investor and technology perspective. Dave Lashmet contributes deep research on the relevant technologies. The Pentagon insider explains how the decisions are actually made inside the system.
How to Claim Your Free Spot Today
The steps are simple and take only a few minutes.
- Register for the free America Unleashed Summit with Joel Litman.
- Watch for the confirmation email and the private viewing link.
- Download the free report “The Next SpaceX: President Trump’s Favorite Defense Stock.”
- Watch the short preparatory videos that arrive in the days before September 24.
- Add a calendar reminder for 10 a.m. Eastern on Thursday, September 24.
- Join five to ten minutes early with a pen and paper ready.
There is no cost to attend. The only requirement is registration so that the private link and materials can be delivered.
What Happens After You Register
Once you claim your free spot, the sequence is designed to keep you prepared. Short videos arrive over the next few days. These explain the munitions background, the spending plans, and the importance of the September 24 date. The free report is available immediately. Text reminders can be enabled if desired.
On the day of the event the private link arrives by email. The subject line will indicate that the session is starting. Join a few minutes early, test your connection, and be ready to write down the stock name and ticker that Joel Litman will share live.
Why It Pays to Be There Live on September 24
Information about defense contracts and supplier selection moves quickly once it becomes public. Prices can adjust in hours or days. Hearing the reasoning and the specific names on September 24, while the process is still under way, is presented as the practical advantage. The free format removes the usual barriers. Anyone who registers can attend.
The preparatory materials that follow registration are designed to make the live session more useful. The short videos provide context so that attendees arrive already familiar with the background. The free report gives an early look at one stock Joel considers particularly well placed.
Everything Is Free – Here’s What You Get
There is no charge to register or to attend. The private link, the preparatory videos, the free report, and the live session itself are all provided at no cost. The only action required is to claim a spot so that the materials can be delivered. Once registration is complete, the sequence of emails and the calendar reminder take care of the rest.
How the Munitions Shortage Became a Strategic Issue
The shortage did not appear suddenly. It is the cumulative result of reduced production capacity after the 1993 consolidation, followed by years of relatively low demand, followed by a sharp increase in usage. When stockpiles fell and lead times stretched, the issue moved from a logistics concern to a strategic one. Officials responded with plans for higher spending and a broader supplier base.
The free America Unleashed Summit connects those dots in plain language. Joel Litman and the panel will show how the historical decisions created the problem and how the current policy response is structured to address it. The companies that receive the new work will be the ones that can expand production quickly and meet modern requirements.
What This Could Mean for Stock Prices
When a company receives a multi-year defense contract, its revenue visibility improves. That improvement can change how the market values the stock. In recent years those changes have sometimes occurred very rapidly. The free summit argues that the current combination of large authorized spending and deliberate supplier selection creates the conditions for similar moves among the companies that land on the shortlist.
Attendees will hear the specific names the panel considers most likely to benefit and the reasoning behind each view. One ticker will be provided live so that participants can begin their own due diligence the same day.
Final Steps to Claim Your Free Spot
The America Unleashed Summit with Joel Litman is free. Registration is open now. The live session is on Thursday, September 24 at 10 a.m. Eastern time. The private link, the free report, and the preparatory videos are delivered after signup.
Claim your free spot today. Watch the short videos that follow. Download the report. Add the calendar reminder. Join a few minutes early on the 24th with a way to record the stock name and ticker.
The decisions being made in Washington in the coming weeks will shape the defense industrial base for years. The companies that win the new contracts will have multi-year visibility. The free summit is the place where the background, the policy direction, and one concrete stock idea are being shared before the story becomes widely known.
Register now, claim your free access, and be present when Joel Litman and the panel go live on September 24.
