JPMorgan to invest up to $10 billion in US companies with crucial ties to national security

JPMorgan Chase will directly invest up to $10 billion in U.S. companies with crucial ties to national security.

The investment plan revealed Monday will focus on four areas: supply chain and advanced manufacturing in critical minerals, pharmaceutical precursors and robotics; defense and aerospace; energy independence, with investments in battery storage and grid resilience; and strategic technologies, including artificial intelligence, cybersecurity and quantum computing.

The investment is part of the bank's Security and Resiliency Initiative, a $1.5 trillion, 10-year plan to facilitate, finance and invest in industries critical to national security.

“It has become painfully clear that the United States has allowed itself to become too reliant on unreliable sources of critical minerals, products and manufacturing – all of which are essential for our national security,” Chairman and CEO Jamie Dimon said in a statement. “Our security is predicated on the strength and resiliency of America’s economy. America needs more speed and investment.”

This summer, JPMorgan helped put together a deal under which the Defense Department agreed to invest $400 million in U.S. rare earth company MP Materials. The bank is also providing financing for MP Materials’ second magnet producing factory in the U.S.

The nation's largest bank plans to finance approximately $1 trillion over the next decade in support of clients in these industries. JPMorgan Chase is looking to increase this amount by up to $500 billion, or a 50% increase, with additional resources and capital.

“America needs more speed and investment,” Dimon said. "It also needs to remove obstacles that stand in the way: excessive regulations, bureaucratic delay, partisan gridlock and an education system not aligned to the skills we need.”

JPMorgan says that it serves 34,000 mid-sized companies and more than 90% of the Fortune 500.

It plans to hire more bankers, investment professionals and other experts to help address its investment plan. It will also create an external advisory council that includes leaders from the public and private sectors to help guide the long-term strategy.

FILE - The logo for JPMorgan Chase & Co. appears above a trading post on the floor of the New York Stock Exchange in New York, Aug. 16, 2019. (AP Photo/Richard Drew, File)

NEW YORK (AP) — Bo Bichette and the New York Mets agreed Friday to a $126 million, three-year contract, two people familiar with the negotiations told The Associated Press.

The people spoke to the AP on condition of anonymity because the deal was subject to a successful physical.

The infielder Bichette can opt out after the first and second season. He would receive $47 million for one year and $89 million for two years, one of the people said.

The deal does not contain any deferred money and Bichette gets a full no-trade provision.

A two-time All-Star shortstop, Bichette hit 18 home runs and 94 RBIs for the Blue Jays in 2025. He homered off Shohei Ohtani in Game 7 of the World Series.

Bichette was injured last season in a Sept. 6 collision with Yankees catcher Austin Wells. It kept him out of the lineup until the World Series. He returned for Game 1 of the World Series against the Los Angeles Dodgers and played second base for the first time in six years.

Bichette finished second in the major leagues to Yankees slugger Aaron Judge with a .311 batting average this season, hitting 18 homers with 94 RBIs in 139 games.

He’s twice led the AL in hits.

Bichette turns 28 in March and had played his entire career with the Blue Jays since they drafted him in the second round of the 2018 draft. The son of former big leaguer Dante Bichette, Bo Bichette is a career .294 hitter with 111 home runs and 437 RBIs in 748 career games.

Bichette was one of the last remaining big name free agents after Kyle Tucker agreed to a $240 million, four-year contract with the Los Angeles Dodgers.

AP Baseball Writer Ronald Blum contributed to this report.

AP MLB: https://apnews.com/mlb

FILE - Toronto Blue Jays' Bo Bichette celebrates his three run home run against the Los Angeles Dodgers during the third inning in Game 7 of baseball's World Series, Saturday, Nov. 1, 2025, in Toronto. (AP Photo/Brynn Anderson, File)

FILE - New York Mets President of Baseball Operations David Stearns responds to questions during a news conference about MLB trade deadline deals, Tuesday, July 30, 2024, in New York. (AP Photo/Pamela Smith, File)