UP

The USA attracted 6 billion, China 1 trillion in this direction

Home page World
12 Punto 14 Punto 16 Punto 18 Punto
The USA attracted 6 billion, China 1 trillion in this direction

The Pentagon is trying to attract US startups from Silicon Valley to fulfill its military contracts to outcompete China in developing military technologies.

Axar.az reports that the "Wall Street Journal" has published information about this.

"Currently, the American military industry has become dependent on a small number of large corporations, which causes concern and requires the search for new solutions to the needs of the Pentagon. Unlike the United States, China is more actively involved in developing new types of weapons by private companies, and "Beijing's focus on the technology sector has already exceeded $1 trillion. For comparison, let's note that venture capital investment in the defense and aerospace sectors of the United States is now valued at $6 billion per year," the report said.

Date
2023.03.27 / 10:58
Author
Zuleykha Aghasieva
See also

Ukraine liberated Stepnohirsk in Zaporizhzhia

Ukraine develops first guided aerial bomb - Video

Russia hits Chinese ship in Black Sea

Israeli strike kills Islamic Jihad commander in Baalbek

Russia and Belarus launch joint nuclear drills

Iran arrests 6,500 people since US-Israel attacks

Yermak released after $3.2m bail paid

8 killed, 15 wounded after bus overturns in Iran

Trump meets security team over Iran conflict

Russian military losses updated on day 1545

Latest
Xocalı soyqırımı — 1992-ci il Bağla
Bize yazin Bağla
ArxivBağla