Trump to address defense technology gathering as the Iran war has reduced US weapon stocks
Trump is set to tout nearly $10 billion in promised defense-tech investments as U.S. missile stocks remain strained after strikes on Iran.
- President Donald Trump addressed the Pennsylvania Defense and Innovation Summit at the U.S. Army War College near Carlisle on Wednesday, touting nearly $10 billion in promised defense technology investments during a roundtable organized by Republican Sen. David McCormick.
- The summit comes as fighting continues in the Middle East after the U.S. resumed its blockade of the Strait of Hormuz on Tuesday in retaliation for Iran striking ships, reducing American supplies of Tomahawk cruise missiles and Patriot and THAAD interceptors.
- Defense Secretary Pete Hegseth, CIA Director John Ratcliffe, Gen. Dan Caine and Army Secretary Dan Driscoll joined CEOs from JPMorgan, Lockheed Martin, Boeing and SpaceX; before Trump's remarks, ZeroEyes announced a $10 million artificial intelligence investment and Gecko Robotics unveiled a 10,000-square-foot manufacturing facility.
- Trump told the roundtable, "We're really doing well with Iran," as the White House positioned the gathering to spotlight national security importance and identify investment opportunities; Gecko Robotics CEO Jake Loosararian said companies must "supercharge supply chains to reduce how long it takes for new technology to be ready for widespread production."
- Trump's address to the nation Thursday follows Wednesday's summit as Republicans prepare for November midterms amid war concerns and approval rating challenges; his $1.5 trillion defense budget proposal for 2027 remains stalled in Congress, and Ukraine's newly pledged Patriot production license will take years to materialize.
129 Articles
129 Articles
Defense tech summit promotes nearly $10B in capital investment in Pennsylvania
A two-day defense innovation summit hosted by Sen. Dave McCormick (R-PA) at the Army War College in Carlisle, PA, brought together President Trump and top Pentagon officials to announce more than 30 investments totaling nearly $10 billion for Pennsylvania's defense industry. McCormick's office said the summit "catalyzed" nearly $10 billion in investment, though that figure combines previously announced federal contracts with new commercial agree…
Early Thursday, the US military announced that another wave of airstrikes had been carried out against Iran. Photos from the US military are said to show the bombs landing. Donald Trump commented on the situation with Iran at a defense and innovation summit in Pennsylvania on Wednesday.
Trump talks about the military at summit where McCormick announced $10B in Pa. investments
President Donald Trump shakes JP Morgan Chase CEO Jamie Dimon's hand Wednesday, July 15, 2026, at the conclusion of the Pennsylvania Defense and Innovation Summit at the U.S. Army War College in Carlisle, Cumberland County. (Photo by Peter Hall/Pennsylvania Capital-Star)Pennsylvania will see nearly $10 billion worth of investment strengthening its military industrial base, U.S. Sen. Dave McCormick announced Wednesday at the conclusion of a two-d…
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