Drone Dominance

The Pentagon's $1.1B Gauntlet is the event all defense tech VCs are watching

BLUF: The Pentagon just invited 25 companies to compete for $1.1 billion in drone contracts, but investors have already poured nearly that much capital into the space. With major drone producers notably absent, a target price of $2,300 per drone, and no clear US combat scenario requiring 300,000 attritable systems, this program reveals a troubling misma…