A bill to establish a defense industrial base advanced capabilities pilot program.

S 1463 establishes a 5-year pilot program to strengthen the U.S. defense industrial base by creating public-private partnerships. The program directs the Under Secretary of Defense to partner with qualifying U.S. businesses (specifically domestic small businesses or "nontraditional" defense companies that are independent and free from foreign control) to invest equity and provide up to 80% loan guarantees for scaling advanced defense capabilities. It targets companies meeting strict criteria - like having commercial defense sector experience and access to classified information - to accelerate production of technologies needed for national security. The pilot will initially test with one partnership (Phase 1), report on results after 27 months, and may expand to three partnerships (Phase 2) before terminating in 5 years.