The Relationship

A structural weakness in aerospace and defence, met with modernisation.

In times of political uncertainty and foreign conflict, military defence contractors naturally appeal to seasoned investors. The caveat in this sector is the lack of domestically produced components for these systems. Amca sits at this intersection, producing vital components for military manufacturing. Shortly after reviewing it, AG saw that this was an integral gap facing the military-tech sector, one that needed bridging in the near future to avoid supply cuts and other exogenous shocks.

Amca was started in 2024 by CEO Jai Malik, a former general partner at Countdown Capital, and Eli Giovanetti, who previously led engineering teams at SpaceX. Rather than building from scratch, the company buys established manufacturers and modernises them, and from its base in El Segundo, California, it now runs eight certified factories across the country. Its RAPID platform takes a part from design right through to production and has supported work on the Lockheed Martin F-35. So far, 2026 has been a defining year, bringing a $300 million Series B at a valuation above $1 billion and a partnership with the US Army, starting with radar and power assemblies for a priority missile system.