Dino Mavrookas

But the reason why there's been such this bottleneck in resilience, it goes back to this PPB process. Planning, programming, budgeting, and execution. It's a four- to five-year window where... The government will go and plan for 18 months. They'll then go through programming, which means writing the requirements. Okay, what are the things that we actually need the platforms to do?

Then they'll go through budgeting and then execution. So again, four year, four to five year window. What that means in actuality, like in practice, we started Saronic in September of 2022. So we're not even three years old yet, which is quite remarkable when we get into all the things that we've done.

Then they'll go through budgeting and then execution. So again, four year, four to five year window. What that means in actuality, like in practice, we started Saronic in September of 2022. So we're not even three years old yet, which is quite remarkable when we get into all the things that we've done.

Then they'll go through budgeting and then execution. So again, four year, four to five year window. What that means in actuality, like in practice, we started Saronic in September of 2022. So we're not even three years old yet, which is quite remarkable when we get into all the things that we've done.

We are... We're the fastest growing defense tech company in history. Wow. Congratulations. Thank you. There's a lot of, I mentioned SpaceX, Palantir, and we're not where we are today without the strides that those companies have made. But going back to the process. So we started the company in September of 22.

We are... We're the fastest growing defense tech company in history. Wow. Congratulations. Thank you. There's a lot of, I mentioned SpaceX, Palantir, and we're not where we are today without the strides that those companies have made. But going back to the process. So we started the company in September of 22.

We are... We're the fastest growing defense tech company in history. Wow. Congratulations. Thank you. There's a lot of, I mentioned SpaceX, Palantir, and we're not where we are today without the strides that those companies have made. But going back to the process. So we started the company in September of 22.

The planning phase for the government, now there's very distinct buckets of when this is done. The planning phase for the fiscal year 2024 budget had already ended, which means we started the company in 22. We had no ability to influence the 2024 budget. Are you serious? Dead serious. This is how the process works.

The planning phase for the government, now there's very distinct buckets of when this is done. The planning phase for the fiscal year 2024 budget had already ended, which means we started the company in 22. We had no ability to influence the 2024 budget. Are you serious? Dead serious. This is how the process works.

The planning phase for the government, now there's very distinct buckets of when this is done. The planning phase for the fiscal year 2024 budget had already ended, which means we started the company in 22. We had no ability to influence the 2024 budget. Are you serious? Dead serious. This is how the process works.

They were on the, they being the government, were on the tail end of planning for the 2025 budget, which means you have to get in and think about if you have an 18-month planning process and somebody comes to you three weeks before it's over and says, hey, squeeze me into this planning process. I want to influence the 2025 budget.

They were on the, they being the government, were on the tail end of planning for the 2025 budget, which means you have to get in and think about if you have an 18-month planning process and somebody comes to you three weeks before it's over and says, hey, squeeze me into this planning process. I want to influence the 2025 budget.

They were on the, they being the government, were on the tail end of planning for the 2025 budget, which means you have to get in and think about if you have an 18-month planning process and somebody comes to you three weeks before it's over and says, hey, squeeze me into this planning process. I want to influence the 2025 budget.

This is the overall PPBE process that the military goes through. So when we started the company, we were really looking at, this is absent absent other contracting mechanisms that I'll talk about through DIU and otherwise, because there's a thing called OTAs, which is other transactional authorities, that actually gives the government the ability to move very, very quickly.

This is the overall PPBE process that the military goes through. So when we started the company, we were really looking at, this is absent absent other contracting mechanisms that I'll talk about through DIU and otherwise, because there's a thing called OTAs, which is other transactional authorities, that actually gives the government the ability to move very, very quickly.

This is the overall PPBE process that the military goes through. So when we started the company, we were really looking at, this is absent absent other contracting mechanisms that I'll talk about through DIU and otherwise, because there's a thing called OTAs, which is other transactional authorities, that actually gives the government the ability to move very, very quickly.

But within that process, we were really looking at, when we started the company in 22, we were really looking at 2020-26 and 2027 budget. That's four years. Now, an investor looking at that that says, how am I going to make money? Why would I invest in this company? It's so hard. And on top of that, you have had so few companies that have broken through and there was

But within that process, we were really looking at, when we started the company in 22, we were really looking at 2020-26 and 2027 budget. That's four years. Now, an investor looking at that that says, how am I going to make money? Why would I invest in this company? It's so hard. And on top of that, you have had so few companies that have broken through and there was

But within that process, we were really looking at, when we started the company in 22, we were really looking at 2020-26 and 2027 budget. That's four years. Now, an investor looking at that that says, how am I going to make money? Why would I invest in this company? It's so hard. And on top of that, you have had so few companies that have broken through and there was

borderline, I don't want to call it monopolistic behavior, but that's how the primes acted. But that's how the system evolved into. There were five primes in 2023. 50% of the $411 billion of government contracts that year went to those five companies. 70% of that, 70% of those awards through those companies had no competition. They were sole sourced.