Lumida Wealth Management LLC 2026. All rights reserved.
Lumida Defense Tech Briefing
From Carriers to Swarms
The startups building the future of defense. Lumida's briefing on how AI is rebuilding defense, ten private companies building it, and the upside and the risks for investors.
The theme
AI is rebuilding defense from the bottom up.
For decades, defense spending flowed to a few very expensive platforms, from aircraft carriers to fighter jets. That model is breaking. Ukraine and the Strait of Hormuz showed that thousands of cheap, AI-enabled drones can hold off forces that cost far more, and budgets in Washington and across NATO are now moving to match.
$1.5T
FY2027 U.S. defense budget request
ExecutiveGov, Apr 2026
$74B+
Requested for drones and counter-drone, triple FY2026
ExecutiveGov, Apr 2026
86:1
Cheap attack drones you could buy for the price of one Patriot interceptor
CSIS, Feb 2025
Inside the briefing
What the briefing covers.
01
Why now
How AI, Ukraine and Hormuz rewrote the math of war, and the six shifts that follow.
02
The companies
A map of the new defense stack and ten companies building it.
03
The upside and the risks
What private-market investing can offer, and what it costs.
As seen in
From Carriers to Swarms
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Disclaimers
Lumida Wealth Management LLC is a registered investment adviser. SEC registration does not constitute endorsement by the U.S. Securities and Exchange Commission and does not indicate a particular level of skill or ability.
Private-market investments involve substantial risk, can be illiquid and speculative, and may result in loss of some or all invested capital. The briefing is for general informational and educational purposes only and does not constitute an offer to sell or a solicitation of an offer to buy any security. Any offering may be made only through the applicable official offering documents.
References to companies, industry themes and market statistics are included for context and should not be construed as a recommendation or endorsement. Figures come from public sources believed reliable but not independently verified. Past performance is not indicative of future results.
Media appearances do not imply endorsement by any outlet.