GoKawiilJPMorgan deploys $5 billion of planned $10 billion defense and supply-chain fund in year one
JPMorgan Chase said it has invested $5 billion in its first year of a planned $10 billion, decade-long program targeting defense, manufacturing and supply-chain startups. The bank has disclosed direct stakes in defense startups Hadrian and Castelion, with most investments still unannounced. Co-president Doug Petno said the program, run by former Berkshire Hathaway executive Todd Combs, could expand beyond the original $10 billion target.