Cogs of War

Sherman Williams, the co-founder of AIN Ventures, joins Ryan at the bar to discuss the hard realities of dual-use investing. They dig into inflated valuations, the dangers of easy capital, and the risks of betting on defense budgets that may not endure. They also examine the outlook for space companies, the role of private equity, and what it really takes for startups to survive in this sector.

Tory Bruno, president and CEO of United Launch Alliance, joins us to talk about the hard business of getting things into space. He reflects on competition, what it took to turn ULA around, the politics of building new rockets, and what assured access to space means in the new era of great-power competition. 

The future fight won’t be won by those with the biggest budgets, most polished strategies, or largest armies. It will be won by those who can translate breakthrough technology into usable capability at speed and scale. Ryan was joined by Horacio Rozanski, the CEO of Booz Allen, to talk about the role his company is playing in this race. Having reoriented Booz Allen into a technology integrator, he shares the cultural and organizational challenges of turning Booz Allen into a company of builders, the bets being made on emerging technologies, and how his personal journey — from immigrant to Booz Allen intern to CEO  —  shapes how he sees change.  

A career-ending spinal injury during Navy SEAL training could have closed Joe Musselman’s chapter of service. Instead, it became the catalyst for a new one. He first founded The Honor Foundation to help special operators bring their elite standards to civilian leadership, then launched BVVC Capital, a venture fund backing relentlessly focused founders. He most recently assembled the founding team at Union, a munitions company designed to re-imagine munitions production. In this conversation, Musselman shares the through line in all of his work and how elite standards, trust, and execution can reshape people, networks, and organizations.

There's a fundamental mismatch between the agile acquisition processes that the Pentagon says it wants, and the unfortunate bureaucratic reality. Bonnie Evangelista, an acquisition maverick, joins the show to explain why. She spent the last seven years implementing rapid acquisition strategies for Army Defensive Cyber, the Joint AI Center, and the Chief Digital AI Office, and is now a strategic advisor supporting the Revolutionary FAR Overhaul team rewriting the Federal Acquisition Regulations. 

Could this small state's collaborative approach to defense planning be the future for countries seeking asymmetric advantages? Ryan traveled to northeastern Europe to sit down with Uģis Norītis, Latvia's undersecretary of state for planning at its Ministry of Defence, to discuss how Latvia is growing its defense industry and industrial base. Hear how Latvia leverages battlefront testing in Ukraine, military-led prototyping, its budding drone industry, and expansive drone testing and training ranges that it wants to make available to companies from allied countries to prepare for the future fight.    Did you enjoy this episode? Sign up here for the biweekly Cogs of War newsletter to stay updated on our new content.

What does it take to push aerospace innovation from concept to battlefield? Ryan sits down with John Clark, Lockheed Martin’s senior vice president for technology and strategic innovation and former head of the legendary Skunk Works. They unpack the Skunk Works playbook for rapid innovation, reveal proven strategies for bending the cost curve, and explore why established defense giants may have an unexpected edge in the race for AI advantage.

How can you bring together technical directors, military officials, and competing commercial interests to craft effective defense tech policy? Whitney McNamara and Stephen Rodriguez, the co-author and commission director of the Atlantic Council's Commission on Software-Defined Warfare, sit down with Ryan to talk about guiding tech adoption and more in government and defense.      

"Innovation adoption is a contact sport." As the chief technology officer of the Department of the Navy, Justin Fanelli is one of the leaders responsible for ensuring warfighters have access to bleeding edge solutions. Listen to his conversation with Ryan Evans, recorded live at an event in Washington, DC — our first episode of Cogs of War, a new vertical on defense tech and the defense industry brought to you by War on the Rocks and supported by Booz Allen Hamilton.