Over the past decade, private capital inflows into the defense sector have risen more than eighteen-fold—reflecting a shift driven by geopolitical instability, digitization of the battlefield, and the recognition that public procurement systems alone cannot deliver capability at the speed required.

General Sir Richard Barrons KCB CBE, former Commander of the UK’s Joint Forces Command, who spoke at a recent defense industry seminar hosted by Goodwin, describes the current landscape as one where speed of innovation and adaptability count as much as might. The character of conflict is changing: autonomy, cyber operations, commercial satellites, AI-enabled decision support, and low-cost precision systems now shape both deterrence and combat. The advantage belongs not only to the strong, but t

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