Defence tech is booming in the US. Start-ups building drones, missiles and AI systems are competing with established companies for a piece of the US defence budget. Are these new participants the future of the defence industry? John Thornhill hears from investors and founders, and we visit the neighbourhood of El Segundo in Los Angeles, dubbed the Silicon Valley of defence tech.

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This episode of Tech Tonic is produced by Persis Love. Edwin Lane is the senior producer. The executive producers are Manuela Saragosa and Topher Forhecz. Sound design by Breen Turner, Sam Giovinco, and Joseph Salcedo. Original music by Metaphor Music. Cheryl Brumley is the FT’s global head of audio.

Read a transcript of this episode on FT.com

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