BUSINESSJul 27 · 10:38 UTCSEMAFORTom Chivers

Defense giants invest record $4.1B in startups

Defense companies like BAE Systems and Lockheed Martin have invested $4.1 billion in military startups this year to adapt to evolving warfare, mirroring the pharmaceutical industry's innovation model. EU governments are increasing defense spending to €454 billion in 2023, with Goldman Sachs and Deutsche Bank noting continued investment trends.

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BAE SystemsorganizationLockheed MartinorganizationFinancial TimesorganizationEuropean UnionorganizationGoldman SachsorganizationDeutsche BankorganizationThalesorganization

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