Capstone National Security & Defense

What Makes Us Different?

From cross-border acquisitions, global expansion, energy security, sanctions risk, tax policy, aerospace regulation, and more, Capstone helps companies and investors navigate the increasingly complex, dynamic, and highly regulated worlds of national security and defense. We do this by combining unparalleled policy analysis and investment acumen to drive revenue, value, and growth. 

We provide real-time and forward-looking policy analysis and predictions of legislative developments, executive actions, and international developments that help clients capitalize on new opportunities and avoid hidden challenges on a global scale. 

With our broad range of national security and defense capabilities, our unique and varied public policy and industry relationships, and our propensity to go deeper in the weeds than anyone else, we are an ideal partner to help you solve complex national security policy and regulatory challenges.


We Predict Policy,

Quantify Impact,

and Create Strategy.


Our team of policy and investment analysts leverages our deep and diverse global policy subject matter expertise, vast industry knowledge, and our relationships with industry groups, regulators, policymakers, and relevant stakeholders worldwide to analyze the national security risk profile of corporate strategies and potential investments to create actionable best practices that mitigate hidden risks and find novel opportunities.


Capital and Corporate Strategy

  • Advise clients on transactions complicated by national security considerations
  • Provide global revenue-driving policy-driven strategy  
  • Idea-driven C-Suite advisory
  • Global Industry Analysis
  • Consumer patterns and concerns

Policy and Political Analysis


  • Provide real-time analysis of key political and policy changes with detailed analysis of industry impact
  • International regulatory agency analysis and risk analysis
  • Political risk audits
  • Geopolitical risk analysis and sanctions review

Case Studies

Capstone has a proven track record of providing in-depth analysis across a wide range of policy and regulatory issues. Our case studies demonstrate our ability to help clients navigate complex policy challenges and develop targeted revenue-driving strategies.

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Our Latest National Security Insights

The Five Fronts of Conflict in the Middle East

The Five Fronts of Conflict in the Middle East

By Daniel Silverberg, co-head of Capstone’s National Security Practice Notwithstanding US strikes against Houthis in Yemen and Iranian proxy groups in Iraq and Syria, this week could see serious movement to reduce conflict in the Middle East.  A US-negotiated...

Five Underappreciated Near-Term Foreign Policy Developments

Five Underappreciated Near-Term Foreign Policy Developments

January 8, 2024 By Daniel Silverberg and Elena McGovern, co-heads of Capstone's National Security Team While the Middle East boils, fueled by the ongoing war in Gaza, the Biden administration remains focused on longstanding strategic challenges posed by Russia's war...

2024 Preview: Biden’s Battles Before the War

2024 Preview: Biden’s Battles Before the War

By Thomas Dee, CFA, Capstone’s Head of Research and Strategy Two policy stories will dominate 2024.  The first, of course, is that 2024 is an election year.  Biden will end 2023 with an average approval rating of 39%, the lowest of any of the last seven...