Share on LinkedInShare on LinkedIn

ARTICLE · 26 DECEMBER 2024

Defence Tech - Valuation & Financial Advisory Services For Success

The defense technology sector ("defense tech") has experienced remarkable growth in recent years, with projections indicating continued expansion in the near future.

United StatesFinance and Banking

The defense technology sector ("defense tech") has experienced remarkable growth in recent years, with projections indicating continued expansion in the near future. This surge is largely driven by increased global defense spending, particularly in the United States. According to the U.S. Department of Defense's Fiscal Year 2025 Budget Request Overview, the proposed defense budget for FY2025 is $849.8 billion. Of this, $17.2 billion has been requested specifically for science and technology.[1] Additionally, roughly 25% of the Defense Innovation Unit's (DIU)[2] budget of $983 million will support new projects in strategic technology areas including counter-unmanned aerial systems, space transport, advanced manufacturing, and critically, cross-cutting software and other complementary capabilities.[3]

We operate a free-to-view policy, asking only that you register in order to read all of our content. Please login or register to view the rest of this article.

See more popular content from