Pentagon investment in defense technology sourced from startups has seen a significant increase, rising from approximately $1.8 billion in Fiscal Year 2023 to an anticipated $4.3 billion in Fiscal Year 2025. Despite this growth, spending on such innovative technologies still represents less than one percent of the total defense contract expenditures. This insight was shared by Rachel Hoff, policy director at the Ronald Reagan Institute, during a discussion on Bloomberg Tech.
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