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Pentagon Recruits Business Operators for National Defense

On February 13, 2026, United States Secretary of War Pete Hegseth announced the creation of the Business Operators for National Defense program ("BOND") through a video released to social media....more

White House Defense Contractor Push Is About Innovation, Not Punishment

The President’s January 7 Executive Order threatened penalties for contractors that were both "underperforming" and engaged in stock buybacks or other distributions....more

“Project Vault” signals a new era of federal demand support for critical minerals stockpiles

“Project Vault” is a first of its kind $12 billion strategic stockpile for critical minerals. By pairing Export-Import Bank financing with private capital, the Trump Administration is effectively underwriting demand and...more

The President Challenges the Primes, Defines “Innovation”

A series of recent actions from the White House, Congress, and the Pentagon have sent an unusually strong signal to major defense contractors and market entrants that seek to compete in the defense ecosystem....more

U.S.–Japan Critical Minerals and Rare Earths: A Full-Circle Moment, 2010 → 2025

The U.S. and Japan have signed a new Framework for Securing the Supply of Critical Minerals and Rare Earths, committing to coordinated investment, processing, and stockpiling to reduce single-point exposure crucial to...more

Key Takeaways from the 9th Annual Baker Institute Energy Summit – Resilience in Energy Supply Chains

Baker Botts was proud once again to partner with Rice University’s Baker Institute Center for Energy Studies (CES) for the 9th Annual Energy Summit, held October 7–8 in Houston. This year’s theme — “Resilience in Energy...more

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