A defence technology startup founded by Palmer Luckey is set to receive a major investment of $3.7 billion, marking a significant shift in the sector as the Trump administration pushes to reduce reliance on established defense contractors. The move aims to bolster innovation and diversify the supply chain amid growing concerns over overdependence on a small group of major firms. Industry analysts suggest this could reshape competition and procurement strategies within the defense industry. The funding highlights broader efforts to modernize military capabilities through emerging technologies.
Palmer Luckey’s defence tech start-up to invest $3.7bn as Trump attempts to reduce dependence on leading ‘prime’ contractors
