Daily Market Updates: Jamie Dimon backs $24 million push to expand American shipbuilding

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Jamie Dimon backs $24 million push to expand American shipbuilding

The JPMorgan Chase CEO plans to fund a new submarine facility at the Philadelphia Navy Yard under a $24 million package aimed at boosting U.S. shipbuilding capacity.

Reported · Written up by our desk · North America

CNBC reports that JPMorgan Chase CEO Jamie Dimon announced a $24 million effort to bolster American shipbuilding.

The package will fund a new submarine facility at the Philadelphia Navy Yard, according to CNBC.

The initiative is positioned as a broader expansion of U.S. defense shipbuilding capacity, with Dimon outlining the investment plan publicly.

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Sources

CNBC Markets‘Arsenal of democracy’: Jamie Dimon announces $24 million effort to boost American shipbuilding

CNBC Finance‘Arsenal of democracy’: Jamie Dimon announces $24 million effort to boost American shipbuilding

Global Markets

Jamie Dimon backs $24 million push to expand American shipbuilding

More like this

Sources

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