JPMorgan Eyes Defense Startups & Legacy Firms for $10B Investment
JPMorgan Chase is committing $10 billion in direct investments over the next decade to bolster U.S. defense and advanced manufacturing capabilities, part of a broader $1.5 trillion Security and Resilience Initiative. The financial giant plans to back both venture-backed startups and legacy defense suppliers, with particular focus on submarine production, missile manufacturing, and critical supply chain resilience.