Darren Farber

We're in a very topical moment right now, just by virtue of what appears to be this decoupling from this ultra longstanding relationship that's existed since immediately after World War II, which is to say borders did not change in the Western world through force for the last 80 years. And we're seeing that paradigm change.

We're in a very topical moment right now, just by virtue of what appears to be this decoupling from this ultra longstanding relationship that's existed since immediately after World War II, which is to say borders did not change in the Western world through force for the last 80 years. And we're seeing that paradigm change.

And so that's a pretty big change, but I completely understand why we're going through it. And so let's say you and I have a contract. I'm going to mow your lawn for the next 80 years and you're never going to pay me or you're going to pay me sporadically. So if you don't pay into the system, then who's invalidated the contract?

And so that's a pretty big change, but I completely understand why we're going through it. And so let's say you and I have a contract. I'm going to mow your lawn for the next 80 years and you're never going to pay me or you're going to pay me sporadically. So if you don't pay into the system, then who's invalidated the contract?

Should I have the reasonable expectation that you're going to honor your obligations if I refuse to pay into the system? And you have an administration that views that kind of contractual compact as meaningful. These are deal people, fundamentally. They come from business. And so... They view themselves as completely justified. You're breaking the contract.

Should I have the reasonable expectation that you're going to honor your obligations if I refuse to pay into the system? And you have an administration that views that kind of contractual compact as meaningful. These are deal people, fundamentally. They come from business. And so... They view themselves as completely justified. You're breaking the contract.

And so what's my general obligation to you? And I don't think they're incorrect. And so it leads to this real, very serious moment that we're experiencing right now. And so now the question becomes, the Europeans' defense capability is extremely limited. Their nuclear capability is limited to ICBMs, which is really end of the world security. nuclear weaponry. There's nothing tactical in that.

And so what's my general obligation to you? And I don't think they're incorrect. And so it leads to this real, very serious moment that we're experiencing right now. And so now the question becomes, the Europeans' defense capability is extremely limited. Their nuclear capability is limited to ICBMs, which is really end of the world security. nuclear weaponry. There's nothing tactical in that.

That's only good when whatever video game scenario, it's the end of the world. In terms of the projection of force, Europe really doesn't have a lot. They've exclusively relied on the United States. And now I think they're having this moment where they realize, okay, maybe we exhausted the good offices here. And we need to power up and have our own capability. And it's going to take them a while.

That's only good when whatever video game scenario, it's the end of the world. In terms of the projection of force, Europe really doesn't have a lot. They've exclusively relied on the United States. And now I think they're having this moment where they realize, okay, maybe we exhausted the good offices here. And we need to power up and have our own capability. And it's going to take them a while.

It's not going to happen overnight.

It's not going to happen overnight.

It's warfighting. And so in the business mission area, the ball has moved forward, but not nearly enough in terms of where it needs to go in terms of the general efficiency of how we run the back office of the building. And in the front office, we have very pristine, exquisite weapon systems.

It's warfighting. And so in the business mission area, the ball has moved forward, but not nearly enough in terms of where it needs to go in terms of the general efficiency of how we run the back office of the building. And in the front office, we have very pristine, exquisite weapon systems.

But some of the massing on the battlefield is going to be this very inexpensive, very permissive, autonomous capability that we're watching unfold in a live contingency in the Ukrainian theater. It's ironic because I had a whole series of dinners with Baltic ministers of defense, and they weren't asking me for drone technology from America.

But some of the massing on the battlefield is going to be this very inexpensive, very permissive, autonomous capability that we're watching unfold in a live contingency in the Ukrainian theater. It's ironic because I had a whole series of dinners with Baltic ministers of defense, and they weren't asking me for drone technology from America.

I was at the National Security Council looking at a Ukrainian drone that was printed in their AOR, in their theater of war, and they're doing it for 150 bucks. And so I view a lot of what's happening in drone warfare as the arc of flat panel TVs is like they're very expensive and they just keep on dropping in price and the low cost. manufacturer is the leader today. It's why Walmart bought Vizio.

I was at the National Security Council looking at a Ukrainian drone that was printed in their AOR, in their theater of war, and they're doing it for 150 bucks. And so I view a lot of what's happening in drone warfare as the arc of flat panel TVs is like they're very expensive and they just keep on dropping in price and the low cost. manufacturer is the leader today. It's why Walmart bought Vizio.

And so I see a lot of that in the drone. And so the backend will be more important, like the software that coordinates it. The shape charge will be more important, just like modifying a grenade. But it's not clear to me that making the drone will be this fabulous profit center. And so I think

And so I see a lot of that in the drone. And so the backend will be more important, like the software that coordinates it. The shape charge will be more important, just like modifying a grenade. But it's not clear to me that making the drone will be this fabulous profit center. And so I think