JPMorgan Allocates $5 Billion to Defense and Supply Chain Investments

JPMorgan Chase said it has invested $5 billion in its first year under the Security and Resiliency Initiative, half of the $10 billion it set aside for direct equity and venture deals. The bank has named Hadrian, Castelion, and Perpetua Resources as portfolio companies, though it has not disclosed the size of each investment. The program also covers lending and advisory work in defense, advanced manufacturing, critical minerals, and semiconductors.

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JPMorgan launched the Security and Resiliency Initiative in October 2025, citing reliance on foreign suppliers for minerals, goods, and manufacturing. The program spans supply chains, advanced manufacturing, defense and aerospace, energy resilience, frontier technology, and health care. Its $10 billion equity and venture authorization sits apart from a broader $1.5 trillion, decade-long financing and facilitation target.

Named deals include Hadrian’s $1.37 billion