04/25/2024 | News release | Distributed by Public on 04/25/2024 07:30
The 220,000+ companies that contract with the Department of Defense will soon face a significantly expanded regulatory framework-known as CMMC 2.0-designed to thwart increased cyber threats and secure the defense industrial base. This expansion will drive substantial growth for third parties assisting contractors with regulatory compliance, a market that is projected to rapidly scale from $56 million to $3.5 billion by 2031.
This regulatory sea change will provide attractive investment opportunities in the third-party universe, as outlined in the following article by William Blair's Aerospace, Defense, and Government Services team in collaboration with Arnovia, a premier provider of transaction and growth strategy services to the aerospace, defense, and government services markets.
Other key takeaways: