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Stock impact report

Defense tech companies like Anduril hope Trump can streamline military contracts [Business Insider]

AeroVironment, Inc. (AVAV) 
Last aerovironment, inc. earnings: 3/3 04:10 pm Check Earnings Report
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Others in the defense industry are less optimistic. Tech billionaire Palmer Luckey's bet on the defense industry is paying off at Anduril, the drone-making company he founded. Now, the company says President-elect Donald Trump's promise to slash government bureaucracy will open the doors even wider. Brian Schrimf, Anduril's CEO, told Yahoo News this week that Trump's promise of "streamlining the bureaucracy" in the government is one of the first steps to improving efficiency in the defense contracting process. "There's just so many roles, so many things that make it hard to do what we really need to do as a country, to move out, to take risks, to actually just build the military we need to have," Schrimpf told the outlet. Analysts told Business Insider that revamping the defense contract process, however, would be difficult. "It's not like the defense secretary can say, 'eliminate all bureaucracy and issue a contract in 30 days,' and everyone says 'absolutely we'll get ever Show less Read more
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