Daniel P. Driscoll

We, the United States Army, spend $185 billion a year

I mean, it is an enormous amount of money.

There's all sorts of ways I can tell you about how everything you build on an Army base costs 66.5% more than if you build it right on the other side of the fence.

There's all sorts of inefficiencies.

So we're spending that $185 billion pretty poorly most times, but it's a lot of money.

And so what we did is we looked at things like Humvees.

The Humvee has served a purpose.

We have over 100,000 of them, and it is –

pretty effective or reasonably effective at driving down a paved highway and keeping soldiers reasonably safe from risks like IEDs.

What it is not good for is a world with drones.

And if you look at the inflection point in war that's occurring in Ukraine right now,

The Humvee just doesn't work for that.

It does have some use cases, but we're way over indexed on it.

What we're doing with some of the cuts from not purchasing any more Humvees is we're reallocating those dollars toward these ISVs or these infantry squad vehicles.

which if you're kind of picturing it, it's like a 1950s, 1960s Jeep, but a lot faster.

It can go off-road, and soldiers love it.

And what's so amazing about it is it's made by General Motors and Chevy off the Chevy Colorado.

You're taking this existing platform that has been millions and millions of miles of consumer use.

We convert it with Hendrix Motorsports.

So they're the ones that have all the race car drivers.