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20VC: Anduril Co-Founder on How a Trump Administration Changes the Defence Industry | What Happens Between China vs Taiwan, Israel vs Palestine, Russia vs Ukraine | How Software Changes War & Why TikTok Should Be Banned with Matt Grimm
Matt Grimm
Like last year alone, Lockheed Martin, the 2023 numbers, Lockheed Martin spent $6 billion on stock buybacks, They only spent $1.5 billion on IRAD, which is called internal R&D, their own at-risk funding of research and development. They spent four times the amount of money on stock buybacks than they did on at-risk research and development. That's wild. That's wild.
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