To establish a defense industrial base advanced capabilities pilot program.

This bill requires the Office of the Under Secretary of Defense for Acquisition and Sustainment within the Department of Defense to implement a five-year pilot program to create a robust and resilient defense industrial base. The program must be implemented through public-private partnerships to accelerate the scaling, production, and acquisition of advanced capabilities for national security by creating incentives (e.g., loan guarantees) for investment in domestic small business or nontraditional businesses.