:

Business/Financial

DoD Establishes New Office To Help Tech Companies Access Private Capital

By Cal Biesecker

Thursday, December 1st, 2022

SHARE:

DoD Establishes New Office To Help Tech Companies Access Private Capital

Defense Secretary Lloyd Austin holds a press briefing at the Pentagon on Feb. 19, 2021.

Defense Secretary Lloyd Austin on Thursday established a new DoD office charged with helping companies that are developing technologies critical to national security partner with private capital to help them get the financing necessary to ensure these technologies transition out of the laboratory and into production. The DoD said that the targeted companies lack long-term capital, which prevents them from transitioning their technology into military capabilities, even when they have benefited from federal research grants and contracts. These technologies also…

Advanced / Transformational Technology

Pentagon May Make ‘Tradeoffs’ For Low-Cost Autonomous Tech Without Reconciliation Funds, CTO Says

The Pentagon’s chief technology officer has said the department may need to make “tradeoffs” on certain capability priorities if Congress doesn’t pass a reconciliation with $350 billion in requested defense […]

Congress

SASC’s FY ‘27 NDAA Sticks With Army’s Plan For Legacy Aviation Procurement Cuts

The Senate Armed Services Committee’s (SASC) version of the next defense policy sticks to the Army’s proposed plan to cut procurement of its legacy aviation fleet, and does not authorize […]

Congress

SASC Approves $1.14 Trillion FY ‘27 NDAA With ‘Right to Repair’ Reform, Stock Buyback Restriction

The Senate Armed Services Committee (SASC) has approved its $1.14 trillion version of the next defense policy bill, adopting “right to repair” reform to provide the military services’ greater ability […]

Congress

House Appropriators Unveil $1.07 Trillion FY ‘27 Defense Bill, Restore Funds For E-7, Army Aviation

House appropriators on Wednesday released their $1.07 trillion fiscal year 2027 defense spending bill, with the legislation reversing Army aviation cuts, restoring funding for the Air Force’s E-7 Wedgetail program […]