Business

Defense tech investment boom sparks bubble warning as private equity pours in

CNBC·Oct 26, 2026 · 1:00 AM CT
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Private equity growth investment in defense tech reached $4 billion in the first nine months of 2026, up from $500 million in 2024, according to PitchBook, as rising military spending fuels a boom in drones, missile defense and satellite firms. A White & Case survey found 97% of U.K. defense companies expect to seek major outside funding in the next year, and some analysts are warning of a bubble.

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