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Hub Acquires Operating Subsidiaries of Trusted Capital Group in Texas

Hub Acquires Operating Subsidiaries of Trusted Capital Group in Texas
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Biden Nominates Shyu To Lead Weapons Transformation

By
Paul McLeary
on April 27, 2021 at 4:04 PM
Then-Assistant Secretary of the Army (Acquisition, Logistics and Technology) Heidi Shyu with a Precision Sniper Rifle
WASHINGTON: Two longtime Pentagon and technology hands are likely to take over the department’s modernization efforts as Washington rushes to stay ahead of China in the race for new generations of sophisticated weapons and defenses.
Today, Heidi Shyu, a former assistant secretary of the Army, was nominated to be the Pentagon’s undersecretary for research and engineering. Earlier this month, President Joe Biden nominated Mike Brown, director of the Defense Innovation Unit, to serve as undersecretary of defense for acquisition and sustainment. ....

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Private Capital Crucial for Defense Innovation

Private Capital Crucial for Defense Innovation
DEFENSE DEPARTMENT
4/23/2021
iStock illustration
China and Russia’s technological investments and the uncertainty surrounding future applications have fundamentally altered the geopolitical environment.
This view, which has become a point of consensus in the United States, has also sparked another widely and correctly perceived imperative: the need for creating enduring public-private relationships between the Defense Department and defense-oriented companies.
If the nation is to address this burgeoning threat, the country must foster a culture of innovation and integration of various critical technologies into the military. Private investment and venture capital, which provide funding to companies making advancements within critical technology areas that are key to defense, play an integral part in this high-stakes competition for fielding innovative capabilities such as ....

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Endeavour Approved as a Department of Defense Trusted Capital Provider

Endeavour Approved as a Department of Defense Trusted Capital Provider
The U.S. Department of Defense matches critical technology companies with Endeavour as a vetted source of private, domestic capital.
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LOS ANGELES, April 20, 2021 /PRNewswire/ Endeavour, a leading Accounts Receivable Funding firm for National Security and Space government contractors, is extremely pleased to announce their acceptance as a U.S. Department of Defense (DoD) Trusted Capital Provider.
Over the course of the past year, the DoD has developed the Trusted Capital initiative, a program designed to foster investment in critical technology companies by cleared and vetted investors. In December 2020, DoD announced the Trusted Capital initiative and noted that applicants to the Trusted Capital program will be reviewed for national security risks, including for connections to China and 36 other Countries of Special Concern an ....

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DoD's New Pushback Against Chinese Money In US Defense Industry « Breaking Defense - Defense industry news, analysis and commentary

By
Paul McLeary
on April 12, 2021 at 6:01 AM
F-35 production line
WASHINGTON: Faced with a massive spike in Chinese companies burrowing into the US defense manufacturing base, a new Pentagon effort has approved more than $311 million in potential partnerships between US venture capital firms and small tech firms since January in an attempt to keep Chinese money and influence out.
In recent years, Chinese investment in small US tech and manufacturing firms has increased by a staggering 420% according to one analysis, an avalanche of money that could directly impact national security if that spigot were turned off in a time of crisis. ....

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