Defense contracts are agreements between governments and private companies to provide goods and services related to national security. These contracts can include the development of military equipment, technology, and support services. They are essential for maintaining a country's defense capabilities and often involve significant funding. The process of securing a defense contract typically involves a competitive bidding system, where companies submit proposals outlining their capabilities and costs. Successful bidders are then awarded contracts, which can vary in size and duration. These contracts play a crucial role in the economy, creating jobs and fostering innovation in the defense industry.