JPMorgan to Invest up to $10 Billion in US Companies with Crucial Ties to National Security

According to Associated Press, JPMorgan Chase will directly invest up to $10 billion in U.S. companies with crucial ties to national security. The investment plan will focus on four areas: supply chain and advanced manufacturing in critical minerals, pharmaceutical precursors and robotics; defense and aerospace; energy independence, with investments in battery storage and grid resilience; and strategic technologies, including artificial intelligence, cybersecurity and quantum computing.

The move sits within the bank’s Security and Resiliency Initiative, a $1.5 trillion, 10-year plan to facilitate, finance and invest in industries critical to national security. JPMorgan says it plans to finance approximately $1 trillion over the next decade in support of these clients and may increase this amount by up to $500 billion, a 50% rise. It also notes that it serves 34,000 mid-sized companies and more than 90% of the Fortune 500.

The bank recently helped arrange a deal in which the Defense Department agreed to invest $400 million in MP Materials and is financing MP Materials’ second magnet producing factory in the U.S.