BAE: A Radically Different Way For Defense Innovation

By • on April 15, 2019

The Forbes website reported that BAE Systems, the U.S. arm of Britain’s biggest aerospace and defense conglomerate, has created an organization within its Electronic Systems unit called FAST Labs that combines funding from federal research centers with venture capital and commercial technology incubators to greatly accelerate the velocity of innovation. Rather than being owned by the company’s operating units, FAST Labs is an independent profit and loss business within the enterprise dedicated solely to rapid innovation. Other big defense companies have similar interests, but none has gone as far as BAE Systems in establishing collaborative relationships with commercial startups, venture capital firms and major research universities.

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