Not really? Every single defense tech startup I've seen is targeting "cheap and attritable" instead of expensive and impressive. Nobody in the startup scene is competing against DARPA to create maneuverable reentry vehicles or scramjets. It's only the "low" end of the high-low mix.
We'd know if defense tech was making impressive technology, it would be flying off the shelves as an export commodity. It's not. We're not seeing Ukraine beg America to license-produce Switchblade 300s or Anduril Barracuda, we're seeing the US and Gulf states beg Ukraine to license-produce their drones.