Department of War

Money Moves

Parent agency of the Office of Strategic Capital

America imports about 90% of the raw ingredients that go into generic medicines. Antheia, a Menlo Park biotech, secured an $80 million conditional federal loan on October 18 to make those ingredients at home using engineered yeast.

Updated Yesterday

New Capabilities

Contracting authority for NGC2

The Army is replacing its separate command systems with a shared, AI-enabled network. On October 12, the Department of War awarded Air, the defense software firm formerly known as Govini, a $200 million, five-year contract to support that effort.

Updated 5 days ago

Force in Play

Awarding agency under the Arsenal of Freedom initiative

Raytheon will build AIM-120 AMRAAM missiles at record rates under a five-year contract worth up to $20.7 billion, with two option years. The deal targets 1,900 missiles per year for the US Air Force, Navy, and 16 allied countries.

Updated Sep 29

New Capabilities

Oversees Golden Dome architecture and JLWS

The U.S. military spent four decades chasing a laser that could shoot down a cruise missile. On April 28, 2026, the Pentagon detailed its latest attempt: the Joint Laser Weapon System, a containerized 150-kilowatt beam (scalable toward 500 kilowatts) that the Army and Navy will share, mounting it on trucks, ships, or anywhere a 20-foot container can sit.

Updated May 31

Money Moves

Implementing acquisition transformation strategy

For three decades, the Pentagon told defense contractors to consolidate. Now it's paying $1 billion to help one spin off, taking an equity stake in L3Harris's solid rocket motor business in January 2026 — the first time it has directly invested in a defense supplier. Congress passed an $838.7 billion FY2026 defense budget with $2.9 billion for munitions and industrial capacity expansion, while Raytheon announced five framework agreements to triple Tomahawk production and double AMRAAM output.

Updated May 22