Defense giants like Lockheed Martin are pouring billions into startups
Old-school arms manufacturers finally realized giant slow-built tanks aren't cutting it anymore when cheap drones rule the sky.
The dinosaurs of the military-industrial complex are suddenly trying to act like Silicon Valley venture capitalists. Giant defense contractors like Lockheed Martin and BAE Systems have already jumped into startup investment rounds totaling over $4 billion this year alone.
The war in Ukraine made everyone realize that modern battles require cheap, fast-to-produce tech instead of multi-billion-dollar platforms that take twenty years to design. So Lockheed Martin is tossing $100 million straight into European defense startups, while BAE Systems is dumping tens of millions into venture funds chasing the next big breakthrough in military tech.
Nothing motivates legacy defense contractors quite like watching a three-thousand-dollar drone destroy a thirty-million-dollar armored vehicle on a Twitter video.
Source: Financial Times
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