In this high-octane episode of Hangar X Studios, host John Ramstead is joined by Steve Griessel, a seasoned entrepreneur and aerospace innovator, to unpack the seismic shifts in modern warfare, rapid prototyping, and the mindset needed to lead breakthrough innovations in aerospace. Steve shares insights from his journey as a turnaround expert and his work with Paramount and global defense projects, illustrating how disruptive thinking, model-based design, and iterative prototyping are changing how aerospace systems are conceived, built, and deployed.

From the battlefield transformation caused by drones to the power of simulation and digital twins, this conversation lays out a blueprint for aerospace leaders, innovators, and investors aiming to thrive in a rapidly evolving defense landscape.

Episode Highlights

• Why crashing prototypes is a feature, not a flaw

• The psychological and tactical transformation caused by autonomous drones in warfare

• How model-based design, AI, and quantum computing will reshape aerospace

• The story behind the Bronco II—how capabilities-first thinking built a revolutionary aircraft

• Lessons for aerospace investors: what mindsets to look for in high-potential startups

• The importance of asking better questions in the age of AI and simulation

Key Points with Timestamps

• [00:00:00] | Rapid prototyping mindset: Why being ready to crash a prototype is critical

• [00:02:19] | Steve’s role transition from Paramount CEO to family office, and his ongoing work in aerospace

• [00:04:16] | Shifting engineering mindsets: From rigidity to radical innovation

• [00:06:09] | The Ukrainian war’s impact: How $50 drones are defeating multi-million dollar tanks

• [00:09:30] | The value of optionally piloted aircraft and flexible mission platforms

• [00:11:23] | The communications challenge: Why everything is jammed on the modern battlefield

• [00:12:06] | Thinking in systems: Designing with the end in mind using simulations and digital twins

• [00:15:33] | Why bringing in outsiders accelerates innovation in defense and aerospace

• [00:18:34] | Why U.S. military gear often fails in Africa: over-complexity, lack of support, and training gaps

• [00:20:04] | The Bronco II story: How capabilities-first design unlocked rapid deployment

• [00:22:46] | Virtual reality and simulation in pilot testing before real-world builds

• [00:24:55] | What kind of investors succeed in aerospace: Mindset over money

• [00:27:15] | Future innovation drivers: Model-based design, AI, and quantum computing

• [00:28:29] | Human value in an AI future: The best results go to those who ask the best questions

Guest Bio: Steve Griessel

Steve Griessel is a South African-born, first-generation American entrepreneur and transformation expert with a career spanning multiple industries. Formerly the Global CEO of Paramount, a defense and aerospace company known for its innovative systems and rapid prototyping capabilities, Steve now manages the family office of the same founding family. Known for taking companies through rapid change and innovation, his leadership is grounded in shifting mindsets, applying systems thinking, and embracing failure as part of innovation. Steve remains deeply involved in the aerospace and defense space, advising on model-based design, innovation strategies, and investment opportunities.

https://www.linkedin.com/in/skgriessel/ 

About Paramount

Paramount is a leading global aerospace and defense company known for its agile, innovative approach to solving modern military challenges. Founded with a mission to develop cutting-edge, mission-ready solutions, Paramount specializes in rapid prototyping, modular aircraft, land systems, and advanced defense technologies. The company prioritizes capability-driven design, engaging directly with governments and special forces to tailor solutions that meet real-world operational needs. With a focus on affordability, scalability, and user-centric design, Paramount has earned a reputation for delivering high-performance platforms in record time across complex global environments.

Notable Quotes

“Be prepared to crash it and learn from it. That requires a completely different way of thinking.”
— Steve Griessel

“The Ukrainian war has completely changed the face of warfare forever.”
— Steve Griessel

“You can buy all the tools in the world, but if you’re not willing to change your thinking, you’ll end up in the same place.”
— Steve Griessel

“Model-based design, AI, and quantum computing—those three are going to revolutionize aerospace in the next five years.”
— Steve Griessel

“The future belongs to those who ask better questions, not just those who have better tools.”
— Steve Griessel