Dual-use technologies (i.e., items that are designed for commercial/civil use but that can also be used in battlefield, security, or weapons proliferations purposes, such as drones, artificial intelligence, cybersecurity systems, and quantum computing) are a rapidly expanding area of investment focus for private capital firms.

The broadening definition of defense beyond traditional hardware is creating significant value creation opportunities, but it also brings legal, regulatory, and practical challenges that require careful consideration. READ MORE