Companies have seen significant growth in military contracting. The value of contracts awarded has increased substantially over the past decade. An analysis found that the total value of these contracts more than doubled when adjusted for inflation.

This growth is reflected in the defense budget, which rose by about 19% in adjusted dollars over the same period. Startups are playing a larger role in this industry, developing technologies such as missiles and surveillance systems.

Further information on this trend is available, including details on the companies involved and the types of technologies being developed.