Anduril Industries Inc. is preparing to build a drone factory in Ohio the size of 87 football fields, a project that heralds a new era for the defense industry — one where tech startups are a big deal.
In an industry long-dominated by a few established players, changing battlefield technology has spurred the Defense Department to take a closer look at young tech companies. Their ambitious projects include autonomous submarines (Anduril), high-powered microwave weapons (Epirus Inc.), and aircraft capable of flying more than five times the speed of sound (Hermeus Corp.).
A few tech companies have already hit it ...
Learn more about Bloomberg Law or Log In to keep reading:
See Breaking News in Context
Bloomberg Law provides trusted coverage of current events enhanced with legal analysis.
Already a subscriber?
Log in to keep reading or access research tools and resources.