Corrects to state that Tysons’s is in Virginia and not Beverly Hills in paragraph 7.

(Reuters) -Ex-Defense Secretary Mark Esper, Red Cell Partners’ chairman and partner in the nation security practice will be joining them. The investment company announced Wednesday.

Red Cell announced that Esper, Trump’s former defense chief, would lead the businesses in areas such as defense, cyber security and international affairs.

This company was founded in 2020 and supports technology-led businesses in the defense and healthcare sectors.

Esper was dismissed as defense secretary due to a variety of policy differences. This appointment comes one month after President Joe Biden requested a record-breaking peacetime defense budget of $813billion, which includes the largest ever research and development budget.

To develop weaponry such as hypersonic weapons to defeat China or Russia in future wars, the fiscal budget allocated $130 billion.

Esper stated in the statement that he believes the only way to accelerate and expand the U.S. army’s overmatch in future years is by rapid, sustained and aggressive modernizations of the joint forces.

Red Cell, a Tysons, Virginia, company, was founded by Grant Verstandig (healthcare and defense technology entrepreneur), Josh Lobel (investment management veteran), and John Tenet (venture capitalist, defense entrepreneur).