Yes, but the players roles are reversed - we have the superior tech; they have the shipyards and manufacturing facilities on order of the WWII basis that we had. We have only two or three shipyards churning out one or two items a year; they have many churning out many items a year.
Theirs are relatively cheap to make and based on known tech - for the most part; ours takes mountains of cash to make one example of unproven tech which usually does not work for years, if ever: the DDG 1000 series; the LCS series, the Ford series, and every one’s favorite - the F-35 with its 4% Mission Capable rate and totally broken ALIS system.
#32 What the future may hold.
Superiority by Arthur C. Clarke
http://www.mayofamily.com/RLM/txt_Clarke_Superiority.html