Institutional investors are going batshit crazy for defense. Yesterday, five major financial institutions, including ING and JPMorgan Chase, announced that they’re backing the Defence, Security and Resilience Bank, a new not-for-profit bank that will help NATO countries and allies finance defense needs. Backed by these finance heavy-hitters, DSRB will issue AAA-rated bonds for countries to […]
Another day, another money move. This week, defense and security-focused Forward Deployed Venture Capital announced that they have raised a $45M Fund II, backed by 150 LPs from companies including Palantir, Anduril, and SpaceX. FDVC General Partner Mark Scianna—who worked at Palantir for 11 years himself—told Tectonic that they’ll use the new pile of cash […]
When we said the Anduril empire was expanding, we didn’t necessarily mean to the Indo-Pacific, but here we are. Yesterday, the defense tech giant (and newly-minted SRM supplier) announced that it’s officially opening a Taiwan office, teaming up with local partners including the National Chung-Shan Institute of Science and Technology (NCSIST), and speeding up delivery […]
In case you didn’t know, the U.S. Army is trying to change the way it does things. Since 2023, under Chief of Staff Gen. Randy George, the service has launched a program called Transformation in Contact, which pushes new technology out to soldiers for real-time testing in the field. And in May of this year, […]
The Anduril empire just keeps on growing. This morning, everyone’s favorite neoprime announced that it’s officially opened its new full-rate solid rocket motor (SRM) production facility in McHenry, Mississippi, which it says will be able to produce 6,000 tactical motors a year by the end of 2026. The company says it invested $75M of its […]
We told you everyone loves a tiny little plane. On Friday, vertical takeoff and landing (VTOL) aircraft giant Joby Aviation ($JOBY) announced that it’s teaming up with everyone’s favorite defense contractor, L3Harris Technologies ($LHX). The two companies say they will work together to develop a “new aircraft class for defense applications.” “We have worked closely […]
The budget drama on the Hill continues. Yesterday, the Senate Appropriations Committee approved its $852.5B defense spending bill for FY26, providing a $21.7 billion (2.6%) boost in spending over Trump’s budget, plus a big ol’ “hell no” to some of the President’s policy priorities. Among the starkest differences between the Senate’s appropriations bill and the administration’s […]
Everyone loves a tiny little plane. Yesterday, Israeli eVTOL (electric vertical takeoff and landing) startup AIR announced a $23 million Series A, led by Entrée Capital with participation from Dr. Shmuel Harlap. The company says it will use the funding to ramp up production and expand its U.S. operations—especially given how keen the Trump administration […]
Another heavyweight is jumping into the command and control (C2) ring. This morning, unmanned surface vessel (USV) maker Saronic Technologies unveiled Echelon, a C2 system built for the unique demands of the maritime domain. Saronic CTO Vibhav Altekar described it to Tectonic as a unified portal to manage everything that could impact an autonomous fleet. […]
What a time to be a prime. In the past few weeks, we’ve finally gotten a look at Q2 results from some of defense’s biggest players—Northrop Grumman, Raytheon (RTX), Lockheed Martin, and L3Harris, among them—and the results have been mixed, to say the least. Amidst tariffs and record-high geopolitical tensions, and in the face of […]
