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Building the Base
Building the Base
80 episodes
1 day ago
"Building the Base" - an in-depth series of conversations with top entrepreneurs, innovators, and leaders from tech, financial, industrial, and public sectors. Our special guests provide their unique perspectives on a broad selection of topics such as: shaping our future national security industrial base, the impact of disruptive technologies, how new startups can increasingly contribute to national security, and practical tips on leadership and personal development whether in government or the private sector. Building the Base is hosted by Lauren Bedula, is Managing Director and National Security Technology Practice Lead at Beacon Global Strategies, and the Honorable Jim "Hondo" Geurts who retired from performing the duties of the Under Secretary of the Navy and was the former Assistant Secretary of the Navy for Research, Development & Acquisition and Acquisition Executive at United States Special Operations Command.
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All content for Building the Base is the property of Building the Base and is served directly from their servers with no modification, redirects, or rehosting. The podcast is not affiliated with or endorsed by Podjoint in any way.
"Building the Base" - an in-depth series of conversations with top entrepreneurs, innovators, and leaders from tech, financial, industrial, and public sectors. Our special guests provide their unique perspectives on a broad selection of topics such as: shaping our future national security industrial base, the impact of disruptive technologies, how new startups can increasingly contribute to national security, and practical tips on leadership and personal development whether in government or the private sector. Building the Base is hosted by Lauren Bedula, is Managing Director and National Security Technology Practice Lead at Beacon Global Strategies, and the Honorable Jim "Hondo" Geurts who retired from performing the duties of the Under Secretary of the Navy and was the former Assistant Secretary of the Navy for Research, Development & Acquisition and Acquisition Executive at United States Special Operations Command.
Show more...
Entrepreneurship
Business
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Incentivizing Defense Innovation: Rep. Adam Smith, Ranking Member, House Armed Services Committee
Building the Base
22 minutes
9 months ago
Incentivizing Defense Innovation: Rep. Adam Smith, Ranking Member, House Armed Services Committee

In this episode of Building the Base, Lauren Bedula and Hondo Geurts sit down with Rep. Adam Smith, Ranking Member of the House Armed Services Committee, to discuss the critical role of innovation and competition in modernizing the defense industrial base. Ranking Member Smith reflects on his political journey from growing up in SeaTac, Washington, to his work on defense policy in Congress. He shares insights on how the Pentagon’s traditional process-driven approach often stifles innovation, drawing comparisons to corporate competition in the private sector. This episode was recorded live at the Reagan National Defense Forum on December 7, 2024. 


Five Key Takeaways:
1. Innovation vs. Process in Defense: Rep. Smith highlights the tension between the Pentagon’s traditional, process-oriented approach and the need for more innovative, problem-solving strategies in defense. He emphasizes that a rigid process can stifle creative solutions, while a focus on problem-solving encourages flexibility and faster, more effective outcomes.

2. The Power of Competition: Rep. Smith stresses that competition, particularly in the defense sector, leads to better products and solutions. He points to private companies like SpaceX and Palantir as examples of how challenging the status quo can drive innovation and force even traditional defense contractors to innovate and adapt.

3. Collaboration Between Tech and Defense: Rep. Smith advocates for greater collaboration between the tech community and the defense sector. He believes that partnerships with Silicon Valley startups and other innovative companies are crucial for advancing U.S. defense capabilities, particularly in areas like AI, space, and cybersecurity.

4. Congress’ Role in Enabling Innovation: While the Pentagon and defense contractors are often slow to embrace change, Rep. Smith calls for Congress to play a key role in enabling innovation. He urges Congress to create an environment where risk-taking and failure are accepted as part of the innovation process, which includes allowing more flexibility in defense spending.

5. The Need for Balance in Manufacturing: On the issue of supply chains and manufacturing, Rep. Smith acknowledges the importance of rebalancing U.S. production capabilities to remove reliance on any one country. He advocates for a balance between domestic manufacturing and partnerships with allies to ensure a resilient and diversified supply chain for defense technologies.

Building the Base
"Building the Base" - an in-depth series of conversations with top entrepreneurs, innovators, and leaders from tech, financial, industrial, and public sectors. Our special guests provide their unique perspectives on a broad selection of topics such as: shaping our future national security industrial base, the impact of disruptive technologies, how new startups can increasingly contribute to national security, and practical tips on leadership and personal development whether in government or the private sector. Building the Base is hosted by Lauren Bedula, is Managing Director and National Security Technology Practice Lead at Beacon Global Strategies, and the Honorable Jim "Hondo" Geurts who retired from performing the duties of the Under Secretary of the Navy and was the former Assistant Secretary of the Navy for Research, Development & Acquisition and Acquisition Executive at United States Special Operations Command.