New defense entrants see promise in Hegseth’s ‘acquisition transformation’ plan

New defense entrants see promise in Hegseth’s ‘acquisition transformation’ plan

Startups and scaleups in the defense industry are saying Defense Secretary Pete Hegseth’s plan to “transform” the defense acquisition ecosystem signals the Pentagon is ready to act like a rational buyer and open the market to new industrial base players. “We view these reforms as a critical step toward a more resilient and competitive industrial base, one that empowers both emerging and established players to deliver the best capabilities Americ…