Trump's Musk-led efficiency drive may spur defense-tech partnerships

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SIMI VALLEY, California : President-elect Donald Trump's planned U.S.

These emerging firms could benefit from teaming up with the big legacy contractors if the newer companies want to quickly scale production of new weapons and deploy new technology platforms in the field, according to executives at the summit.

Musk has indicated that Pentagon spending and priorities will be a target of the efficiency initiative, spreading anxiety at defense heavyweights such as Boeing, Northrop Grumman, Lockheed Martin and General Dynamics.

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Category: EconomyBusiness

Markets: SingaporeUnited States

Topics: Summit According Defense Company Smaller Firms Pentagon Budget Trump Contractors Musk

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-12-09 @ 19:03:23 (3 days ago)

News Timezone: GMT +8:00

News Source URL: channelnewsasia.com

Language: English

Article Length: 1005 words

Reading Time: 6 minutes read

Sentences: 34 lines

Sentence Length: 30 words per sentence (average)

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Copyright Owner: © Channel News Asia

News ID: 24272683

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