Search

DoD Spending On Startups Doubles But Remains Scant Overall, SVDG Report Says

DoD Spending On Startups Doubles But Remains Scant Overall, SVDG Report Says
Graphic representation of Saronic’s Corsair (24-foot) and new Mirage (40-foot) and Cipher (60-foot) Autonomous Surface Vessels. (Image: Saronic)

Spending by the Defense Department in 2024 on the top 100 startups with dual-use and defense technology more than doubled versus 2023 but remains less than 1 percent of the DoD budget, according to a new report by the Silicon Valley Defense Group (SVDG). Excluding launch provider and satellite manufacturer SpaceX, the department spent nearly $2 billion on the remaining 99 venture and private equity-backed startups in 2024, versus $856.3 million in 2023, SVDG says in its third annual National…

Subscriber-only content. Please log in below.

Not a subscriber or registered user yet?

Please contact us at clientservices@accessintel.com or call us at 888-707-5814 (Monday – Thursday 9:00 a.m. – 5:30 p.m. and Friday 9:00 a.m. – 3:00 p.m. ET.), to start a free trial, get pricing information, order a reprint, or post an article link on your website.



Contract Updates

Chandler Construction Services Inc. (Ninety Six, South Carolina) – $16,471,000

Chandler Construction Services Inc., Ninety Six, South Carolina, was awarded a $16,471,000 firm-fixed-price contract for the furnishing, installing, and placing into successful operation of water main pipe. The amount of this action is $16,471,000. Bids were solicited via the internet…


M1 Support Services LP (Denton, Texas) – $68,822,271

M1 Support Services LP, Denton, Texas, was awarded a $68,822,271 modification (P00206) to contract W9124G-17-C-0104 for Army and Air Force aviation maintenance. The modification brings the total cumulative face value of the contract to $5,522,349,151. Work will be performed at…


Lake Union Drydock Co. (LUDC) (Seattle, Washington) – $12,683,144

Lake Union Drydock Co.* (LUDC), Seattle, Washington, is awarded a $12,683,144 firm-fixed-price contract for the maintenance, repair and preservation of YTT-10 (YTT-9 Cape Flattery-class torpedo trials craft) service life extension program. This contract includes options which, if exercised, would bring…


Innovative Professional Solutions Inc. (Panama City Beach, Florida) – $13,631,598

Innovative Professional Solutions Inc.,* Panama City Beach, Florida, is awarded a $13,631,598 firm-fixed price/cost-only contract for fabrication and installation of minesweeping winches.  This contract includes supplies for the government of the Republic of Korea (100%) under the Foreign Military Sales…