startup businesses: Speed, as well as originality and innovation, is essential in competition between major powers, according to then-Air Force Secretary Heather Wilson, according to The Japan Times. In particular, the United States is alarmed by China's development of hypersonic weapons, as its existing missile defense equipment is unable to shoot such weapons down. In contrast to a vibrant U.S. industry, Japanese defense-related companies have long been part of a lukewarm environment where business opportunities are guaranteed but profits are limited, a Japanese defense industry source said. ; In March, the U.S. Air Force held a new event to hear presentations from about 60 small and startup businesses, with contract money available on the spot to those with innovative ideas. The hypersonic threat is going to cause a revolution, and our industry has to work together, a Raytheon Co. executive said. It's not going to be solved by any one government entity. This threat is not going to be solved by any one company.
(news.financializer.com). As
reported in the news.
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