Nobody wants to pay taxes or spend money on defence. But both are inevitable. Investment in security has the potential for significant returns for investors and can drive considerable economic gains for nations that spend wisely. History is written by the victors, but the costs of underfunded defence are very clear – ask the losers how well scrimping on Defence worked for them.

Investing in defence was a sadly neglected skillset for many years following the end of the Cold War. Defence primes became utility like seeking to preserve margins as real budgets declined on the peace-dividend. The War in Ukraine has highlighted many things, but critically that what the Primes are selling isn’t what’s going to win the next War. To invest in defence – you need insights into the future of the battlespace.