April 2026

Integrating Capability Across Domains
DUAL-USE AI, RESILIENT COMMUNICATIONS, AND ALLIED DEPLOYMENT FROM LAB TO FIELD
To our Partners and Stakeholders,
April underscored a defining shift across the defense and technology landscape: the convergence of operational urgency, technological acceleration, and capital deployment is no longer emerging, it is fully underway. From Washington and London to Oxford and Montana, discussions across government, industry, and investment communities reflected a shared priority: translating innovation into deployable capability at speed. Whether through NATO-aligned initiatives, maritime autonomy, or dual-use scaling pathways, the emphasis is increasingly on execution, bridging the gap between breakthrough technologies and real-world application across contested domains.
This month’s activity reinforces that trajectory. Allied governments are accelerating investment into AI-enabled systems, autonomous platforms, and resilient space and communications infrastructure, while private capital continues to position itself as a critical enabler of this transition. At the same time, portfolio developments, from quantum-enhanced AI to next-generation SATCOM and flexible semiconductor technologies, highlight the depth of opportunity at the intersection of defence and deep tech. Against a backdrop of intensifying geopolitical competition and compressed innovation cycles, the role of aligned capital in shaping sovereign capability, industrial resilience, and strategic advantage has never been more pronounced.
BOKA NEWS
Whitefish Security Summit – Whitefish, Montana (2-4 April)
BOKA partner Teresa Smetzer attended and participated in panels and discussions of this inaugural event. The objective was to create a small, high engagement forum for candid discussions about intelligence, defense, technology, storytelling, and broader national security issues. The aim was to bring together perspectives from government, military, intelligence, industry, investors, academia, and media to explore modern security challenges and the stories shaping public understanding of them. There are a number of initiatives underway as a result of the engagement.
JP Morgan National Security Innovation – Washington, DC (9 April)
BOKA Partner Gregory Pepus spoke at a dinner held by the JP Morgan National Security Innovation team. The team is led by Adeleke Omitowoju and Karen Rios. Gregory was joined by Dr Alison Perez, head of M&A at Lockheed Martin. They presented to and did a Q&A to 8 companies working with JP Morgan on national security dual-use focused products. They touched on topics including market area focus, federal sales, clearances, deep technology growth strategies, and alternative markets such as space, quantum, compute, and AI/Enterprise Software..
Sea-Air-Space 2026 (21 April)
BOKA Partner Gregory Pepus attended the Navy League’s Sea-Air-Space 2026, an event positioned as a major U.S. maritime defense exposition, bringing together senior leaders from the Navy, Marine Corps, Coast Guard, and industry to discuss the latest capabilities across the maritime domain. This year’s focus areas centered on topics such as maritime dominance, autonomy, command-and-control, warfighting speed, modeling and simulation, and space-enabled defense technologies..
NATO DIANA UK Accelerator Cohort Dinner – Oxford (21 April)
BOKA Partner Grant Hume represented BOKA Capital at the NATO DIANA UK Accelerator Cohort Dinner at Wadham College, University of Oxford hosted by Taylor Wessing. As a defence and national security deep tech investor BOKA Capital are active supporters of the Janus Consortia, who assist UK MOD Defence Innovation (UKDI) in the delivery of the NATO Accelerator in the UK. The event created a valuable opportunity for BOKA to connect with founders, CEOs, academics, and investors across frontier technologies to discuss major opportunities and challenges with respect to innovation exploitation and investment at the forefront of emerging technology within the Oxford innovation ecosystem.
NATO DIANA Capital Network – London (27 April)
BOKA Partner Grant Hume also attended the inaugural NATO DIANA Capital Network event. The event brought together senior innovation leaders from across the Alliance, experts in defense spending trends, to discuss where the Alliance is heading and where private capital is critical for NATO companies accelerating the delivery of solutions for the Alliance's shared security. BOKA Capital thanks go to the entire NATO DIANA and NATO Innovation Fund (NIF) team, Lieutenant General (Ret) Dennis Gyllensporre (Chairman), NATO Deputy Secretary General Radmila Shekerinska for her clear "Call to Action" and speakers Toby McCrindle, Nikos Loutas, Jyoti Hirani-Driver, Ryan Benitez, Ari Jonsson, Fenella McGerty, Tom Waldwyn, Christopher Cavoli (Valor Equity Partners) and Sir Stephen Lovegrove (Lazard Financial Advisory).
Autonomous Systems and Control Research Group – Plymouth, Devon (28 April)
BOKA Managing Partner John James and Associate Rasmus Fogelstrøm attended a site visit at the University of Plymouth focusing on Marine Autonomy including the the university's Centre for Marine Autonomy, Maritime Cyber Security and Technology (CMAST). The event was hosted by DSEI Gateway and facilitated SMEs and non-traditional suppliers, investors and strategic partners in better understanding the maritime autonomy sub-sector.
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PORTFOLIO SPOTLIGHT
Infleqtion
Infleqtion awarded $1M U.S. Navy contract for quantum-accelerated AI software ↗
Infleqtion has secured a $1 million U.S. Navy Phase II contract to advance its QuIRC machine learning platform for RF signal processing, reinforcing growing defence demand for quantum-enhanced AI systems capable of improving situational awareness in complex electromagnetic environments.
Citi Initiates Infleqtion At Buy On Nvidia Pact ↗
Infleqtion has been initiated with a Buy rating by Citigroup, citing strong upside potential driven by its dual positioning in quantum sensing and computing, early revenue traction, and strategic alignment with Nvidia in the emerging quantum–AI ecosystem.
NVIDIA launches Ising, the world’s first open AI models for quantum computing ↗
NVIDIA has launched “Ising,” a family of open AI models designed to accelerate quantum computing by improving calibration and error correction, with development supported by partners including Infleqtion, reinforcing the role of AI in enabling practical, hybrid quantum-classical systems..
ALL.SPACE
Royal Canadian Navy selects ALL.SPACE Hydra 4 mobility terminal for SATCOM trials ↗
The Royal Canadian Navy has selected the Hydra 4 multi-orbit SATCOM terminal from ALL.SPACE for shore-based trials, highlighting growing demand for resilient, multi-band communications systems in defence and reinforcing ALL.SPACE’s positioning within next-generation military connectivity infrastructure.
York Space Systems (NYSE: YSS) to Acquire ALL.SPACE ↗
York Space Systems has agreed to acquire ALL.SPACE to create an integrated, resilient multi-domain communications ecosystem combining satellites and advanced multi-network terminals for mission-critical operations..
Pragmatic Semiconductor
Tageos launches world’s first FlexIC-based RFID product lines ↗
Tageos and Pragmatic Semiconductor have launched the world’s first FlexIC-based RFID product lines, introducing ultra-thin, sustainable NFC technology designed to reduce cost, materials usage and carbon footprint while accelerating large-scale adoption of smart packaging and item-level connectivity.
MARKET WATCH
Space defence: How is the EU boosting its military space capabilities? (7 April) ↗
The EU is accelerating efforts to strengthen military space resilience, reflecting lessons from recent conflicts and growing dependence on satellite-enabled infrastructure.
Outpaced by the US, China’s military places selective bets on artificial intelligence (7 April) ↗
China continues to prioritise specific AI-enabled military capabilities—particularly drone swarms—while lagging the U.S. in broader integration.
2026 Global Counterspace Capabilities Report (8 April) ↗
A comprehensive assessment of counterspace threats highlights expanding capabilities across cyber, electronic warfare, and direct-ascent systems among major powers.
Ukrainian drone makers visit Paris looking for co-production deals (10 April) ↗
Ukrainian drone firms are pursuing European co-production partnerships, leveraging battlefield data as a strategic asset in AI model development.
EU pumps over $1 billion into defense R&D, centered around Ukraine war lessons (16 April) ↗
The EU committed over $1 billion to defence R&D, focusing on AI-enabled systems, cyber defence, and drone warfare insights from Ukraine.
France readies AI-powered combat data-management similar to U.S. Maven (16 April) ↗
France is developing an AI-driven battlefield data platform comparable to the Pentagon’s Project Maven to enhance operational decision-making.
Starlink outage hit drone tests, exposing Pentagon’s growing reliance on SpaceX (16 April) ↗
A Starlink disruption impacted U.S. Navy unmanned testing, underscoring operational risks tied to reliance on commercial satellite networks.
Pentagon seeks funds for Golden Dome, drones, AI in largest-ever budget request (21 April) ↗
The Pentagon’s latest budget request prioritises autonomous systems, AI integration, and next-generation missile defence capabilities.
Anduril announces partnership with Kraken for small USVs (21 April) ↗
Anduril and Kraken Robotics are partnering to develop small unmanned surface vessels, reinforcing the shift toward autonomous maritime capability.
Pentagon officials broadly detail $55 billion drone plan under DAWG (April) ↗
U.S. officials outlined a major expansion in drone investment through the Defense Autonomous Warfare Group, signalling scale in autonomous warfare strategy.
How a surge in defence and dual-use technology investment could reconfigure the global AI race (28 April) ↗
Analysis highlights how defence-driven capital is reshaping AI competition, with implications for sovereignty, alliances, and market structure.
AUKUS: Government must do more – and do it faster (28 April) ↗
The UK Defence Committee urged faster execution of AUKUS, particularly around advanced technologies under Pillar II.