SECURITYJul 15 · 12:10 UTCBILLY PENNMeir Rinde

$24 million investment in Philly shipbuilding as Trump presses for defense buildup

JPMorgan Chase is investing $24 million in Philadelphia's shipbuilding industry, including a $13 million loan to Rhoads Industries for a submarine facility at the South Philadelphia Navy Yard, which will create 450 jobs. The investment aligns with the Trump administration's push for a national defense buildup.

Nexus surfaces and summarizes. The full story lives at the source.

Mentioned

JPMorgan ChaseorganizationRhoads IndustriesorganizationSouth Philadelphia Navy YardplaceDonald TrumppersonJosh ShapiropersonMayor Cherelle ParkerpersonKenyatta JohnsonpersonDelaware Valley Industrial Resource Centerorganization

Spot something wrong with this article?Report a problem →

Forward this

Related Signal

Adjacent reporting

SECURITYMay 27 · 15:10 UTC
German submarine bid promises Canada $86B economic boost and tens of thousands of jobs
BUSINESSJun 23 · 13:46 UTC
KGTL plans up to $100m more investment in Karachi port after cargo surge from Iran war
SECURITYJun 10 · 16:37 UTC
Historic Merseyside shipyard bought ahead of planned Royal Navy refresh
BUSINESSApr 21 · 10:00 UTC
Blue Energy raises $380M to build grid-scale nuclear reactors in shipyards
TECHNOLOGYMay 13 · 13:51 UTC
Anduril doubles valuation to over $60 billion as defense tech funding boom continues
BUSINESSJun 9 · 23:17 UTC
Mercado Libre announces a US $4.6B investment in Mexico this year