Aerospace Group:

Advanced / Transformational Technology

Lots Of Capital, Not So Much Federal Contracts For National Security Startups

By Cal Biesecker

Friday, July 14th, 2023

SHARE:

Lots Of Capital, Not So Much Federal Contracts For National Security Startups

X-Bow's Bolt Rocket Successful Launch, July 23, 2022. Photo: X-Bow

The top venture capital backed national security startup companies have raised tens of billions of dollars to fund their operations but far less when it comes to winning federal contracts, says a report released this month by the Silicon Valley Defense Group (SVDG). “To date, the DoD and IC have provided lip service and door prizes but no sustained commitments to ensure that the venture-funded defense and dual-use startups become part of major acquisition programs,” says the NatSec100 & the…

Unmanned Systems

Counter-Drone Needs Will Be Addressed In Next NDAA Based On Iran War Lessons, Banks Says

A Republican senator on Armed Services Committee on Thursday said that defending against Iranian drones has been challenge for U.S. warfighters and will be an area of focus in the […]

Pentagon

Pentagon ‘Working Options’ On Iran Supplemental, May Seek Funds For New Capabilities

The Pentagon is “working options” for a potential supplemental spending request to fund the operation against Iran and replenish munitions used in the strike campaign, with a senior official noting […]

Congress

Wicker Backs “Crash Program” To Supply Ukraine With Low-Cost Weapons

Senate Armed Services Committee (SASC) Chairman Roger Wicker (R-Miss.) on Thursday proposed a rapid effort to supply Ukraine with low-cost weapons to aid that country in turning back Russia. “We […]

Congress

Dem Lawmakers Want To Codify Trump’s Push For More Defense Contractor Accountability

A group of four Congressional Democrats want to codify President Donald Trump’s push to hold defense firms accountable for prioritizing production investments over paying out stock buybacks, and are seeking […]