Pentagon boosts tech company investment to take on China


Source: afr.com afr.com

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Washington | The Pentagon announced a new office on Thursday (Friday ADT) focused on driving private sector capital to companies worldwide in a bid to counter China’s dominance in military technologies. The Defence Department’s Office of Strategic Capital will connect companies that develop technologies “vital to national security” with capital to scale up their production. The first deals are expected to be struck early next year. Lloyd Austin said the office will help build enduring national security advantages. AP “We are in a global competition for leadership in critical technologies, and the Office of Strategic Capital will help us win...