Industry
JPMorgan deploys $5 billion into U.S. defence industry, bets on robot factory and hypersonic missiles
JPMorgan Chase has deployed $5 billion a year after launching a startup investment programme aimed at strengthening U.S. security and industrial supply chains. The bank reached half of its planned $10 billion investment over 10 years in the first year and left open the possibility of expanding the amount. The programme targets defence, advanced manufacturing and key supply chains, and is also widening to advanced technology, pharmaceuticals and health tech.
