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Palmer Luckey and other defense tech leaders see Trump's victory as a win for the industry

Business InsiderBusiness Insider · 1m
Palmer Luckey and other defense tech leaders see Trump's victory as a win for the industry

Defense tech startups like Anduril are expecting growth during Trump's second term. Under Trump's first administration, Anduril secured government contracts and its latest AI-powered drone, the Bolt-M, has generated further interest in the industry. The defense tech industry is optimistic about Trump's victory due to SpaceX founder Elon Musk's proximity to the President-elect and potential defense acquisition reforms. Defense tech leaders also anticipate the potential elimination of "cost plus" contracts, which could benefit the industry. Despite his personal support for Trump, Anduril's founder Palmer Luckey believes the defense industry remains nonpartisan and focused on national security.

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