Market Sizing
A Record-Setting Market, Narrowed to Our Thesis
The U.S. aerospace and defense industry surpassed $1 trillion in annual revenue in 2025. We narrow that record-setting market to the middle-market sub-tier performers tied to Golden Dome.
Total Addressable Market (TAM)
The entire U.S. aerospace and defense industry—continuing to grow with defense demand at record levels and backlogs expanding for a third consecutive year.
$989B
U.S. A&D total sales revenue in 2025—nearly $1 trillion.
$463B
Narrower industry basis estimate for 2026.
~5.7%
CAGR toward $610B by 2031 on the narrower basis.
Serviceable Addressable Market (SAM)
Our SAM narrows the TAM to U.S. middle-market ($50M+ revenue) sub-tier defense suppliers with direct or indirect ties to Golden Dome—sized across three filters.
The SHIELD Funding Pool
The primary contracting vehicle carries a $151B ceiling over 10 years, with the official objective architecture set at $185B—roughly $15–19B per year flowing to 2,440 qualified vendors.
The Sub-tier (Lower-Tier) Share
Because primes flow work down to subcontractors and small businesses, 30–50% of contract value reaches lower-tier suppliers—roughly $5–9B per year in directly addressable sub-tier revenue.
The Middle-Market ($50M+) Filter
Of the ~2,440 SHIELD-eligible entities, a large share are small businesses, startups, and universities. We target the established $50M+ middle-market performers.
Market figures reflect publicly available program sizing and industry estimates; not a guarantee of future results. See Investor disclosures.
Discuss the Opportunity
Whether you lead a qualifying middle-market defense supplier or represent an investor in national security, we welcome the conversation.