JPMorgan Unveils $1.5T 'Plan'Resilience' Initiative To Bolster U.S. Energy, Defense, Manufacturing Sectors

Benzinga

JPMorgan launched a $1.5T “Security and Resiliency Initiative” to boost U.S. energy, defense, and manufacturing. CEO Jamie Dimon urged reducing reliance on foreign suppliers and accelerating investment in critical technologies.

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00:00It's Benzinga, bringing Wall Street to Main Street.

00:03JPMorgan Chase on Monday announced a $1.5 trillion decade-long security and resiliency

00:09initiative to strengthen U.S. industries critical to national and economic security,

00:14according to Fox Business. The plan will invest across energy, defense, and manufacturing,

00:21including $10 billion in direct equity and venture capital for U.S.-based companies to

00:26expand advanced manufacturing and strategic technologies. CEO. Jamie Dimon said the U.S.

00:33has become too reliant on unreliable sources of critical minerals and products and called for

00:38faster investment and fewer regulatory barriers. JPMorgan said its initiative will center on

00:44supply chain and advanced manufacturing, defense and aerospace, energy resilience, and frontier

00:49technologies. These categories include 27 sub-areas spanning cybersecurity, nuclear energy,

00:55and critical defense components. For all things money, visit Benzinga.com.

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