Philly Naval Yard --> $10B

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X (Twitter): Joe Rogan Podcast News on X: "Jamie: "We're sitting in the Philadelphia Navy Yard. They built ships here that won the Revolutionary War, that helped win Wo

Dimon on the Philadelphia Navy yard:

We're sitting in the Philadelphia Navy Yard, where we built ships. They built ships here that won the Revolutionary War. That helped win World War II. And so, now you have, the arsenal of democracy has been reignited and shipbuilding people said that couldn't happen, but here you have Hanwha Shipbuilding at the Philadelphia Navy Yard which will be building components for nuclear submarines and major ships. So, we're just aiding here, by doing some financing, you know, a special kind of financing for Hanwha here. But, very importantly, and people have to remenber, this is just one big complex ecosystem. We're also financing you know, people, we need 300,000 electricians, welders, etc., to build ships in the next five or 10 years. So, we're helping to finance people who train people, who train people here. There's 16,000 workers here, that number may very well double over the next five years as it builds more ships, and we build a lot of shipbuilding back to the United States. There's also a whole ecosystem here. I'm going to meet with Rose Industry later, there's probably over 100 vendors who help supply all the things that take place here. So, we're doing our part to help protect the future of freedom and the future of America.

And thanks to these investments, the Philadelphia Navy Yard will be building ships again:
We're very grateful for the opportunity to build the radar ships that you announced today. They will be a central part of defending the homeland from the missile threats that you have also made a priority. [...] You know this better than anybody, Mr. President, but ships win battles, shipyards win wars. And we are going to recreate what has been great in Philadelphia. Philadelphia, home to the nation, home to the Navy, home to Naval shipbuilding with the first frigate. It is going to be the home to make American Shipbuilding Great Again, and we're very glad to be a part of that, sir.

X (Twitter): Rapid Response 47 on X: "Michael Coulter, President and CEO of Hanwha Defense USA: "We’re very grateful for the opportunity to build the radar ships that you an

Massive. There's finally movement in starting to revitalize America's dormant shipyards.

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