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defense contractor

also referred to as: defense contractors

2 statements across 1 episodes · 0 bullish · 2 bearish · 1 people on the record · first statement Sep 28, 2020 by Palmer Luckey · across every show →

Everything said about defense contractor, oldest first

Sep 28, 2020 negative
Opinion
Luckey: Time-and-materials contracts force defense primes to discard past work
“In the defense space, because of the way the incentives work, where most contractors are paid kind of on a time and materials basis, they're incentivized to do the same work over and over again. They're basically incentivized to throw away everything they've d…”
Palmer Luckey Sep 28, 2020 ▶ 12:14 20VC: Anduril Founder, Palmer Luckey: "I Am Here To Build a $50Bn Company", How Palmer Evaluates His Relationship To Money Pre & Post Oculus' $2.3Bn Exit & Why The US DOD Needs To Be More Like China in It's Approach
Sep 28, 2020 negative
Assertion Partly supported
Palmer Luckey: Defense primes spend only 1-3% of revenue on R&D
“Like a typical defense contractor will spend between one and three percent of their revenue on IRAD. Whereas a modern tech company is going to be spending 20 to 50 to even 80% of their revenue on IRAD.”
Palmer Luckey Sep 28, 2020 ▶ 14:47 20VC: Anduril Founder, Palmer Luckey: "I Am Here To Build a $50Bn Company", How Palmer Evaluates His Relationship To Money Pre & Post Oculus' $2.3Bn Exit & Why The US DOD Needs To Be More Like China in It's Approach
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