President Donald Trump addressed a defense summit at the U.S. Army War College on Wednesday, where he announced that domestic defense and technology companies have pledged approximately $10 billion in investments. The event, organized by Senator David McCormick, included a roundtable with Defense Secretary Pete Hegseth and executives from major firms such as JPMorgan, Lockheed Martin, and Boeing. Trump stated that the innovation resulting from these partnerships would enhance national security.
During his remarks, the president referenced ongoing military operations in Iran and the recent removal of Venezuelan President Nicolás Maduro. While he noted that the U.S. was "doing well" in these efforts, he did not address recent reports from defense analysts indicating that U.S. stockpiles of Tomahawk and Patriot missiles may take up to three years to replenish following sustained use in the Middle East.
The speech included various observations on defense technology and history, with the president criticizing the use of electric catapults on naval vessels in favor of steam-powered systems and discussing the Battle of Gettysburg. He also highlighted tax benefits for corporate investments, suggesting that such policies facilitate business expansion. The visit marked Trump's seventh trip to Pennsylvania during his second term as Republicans prepare for the upcoming midterm elections.