Trump drifts into campaign topics while addressing defense technology gathering

CARLISLE, Pa. (AP) — President Donald Trump addressed a defense summit at the U.S. Army War College on Wednesday but spent little time talking about battlefield issues — even as the war in Iran has reduced the U.S. supply of critical missile and interceptor systems.

Seated at a roundtable with Defense Secretary Pete Hegseth and Republican Pennsylvania Sen. David McCormick, Trump said the gathering would generate around $10 billion in pledged investments from domestic defense and technology companies, without providing details.

“The talent and innovation in this room will keep America safe for many years to come,” Trump said.

He spoke shortly after the U.S. military launched another round of missile strikes that Trump had previously promised against Iran as a ceasefire to end that war remains in tatters. Trump made brief references to the war and a January military operation to oust Venezuelan President Nicolás Maduro, saying, “We’re really doing well with Iran.”

“Iran is unhappy right now," he said.

But his lengthy speech spent more time drifting into themes Trump repeats during his political rallies, boasting about — and sometimes exaggerating — his administration's accomplishments. Trump also diverted into a broadside against the use of windmills in Britain, questioned having steam catapults on U.S. ships and pondered the Battle of Gettysburg.

“What a war that was, when you read about it,” the president said of the Civil War.

Trump suggested that oil from Venezuela would eventually pay for what the U.S. spent toppling Maduro some 50 times over — though he also said private oil companies would profit more than the country. After a long aside about the use of magnets to improve catapults on vessels, Trump finally offered, “I hope I'm not boring anybody.”

“I'm getting it all out now," he added. "All the anger I have when I hear about electric catapults that don't work.”

Later, Trump advised, “I’ll tell you how to make money: Do magnets." At another point Trump declared, “I watch more tractors than any human being on earth.”

The gathering in Carlisle, Pennsylvania, was organized by McCormick and also featured Gen. Dan Caine, chairman of the Joint Chiefs of Staff; Army Secretary Dan Driscoll; CIA Director John Ratcliffe; and Mike Waltz, U.S. ambassador to the United Nations.

Summit attendees included JPMorgan CEO Jamie Dimon, Blackstone President Jon Gray, Lockheed Martin CEO Jim Taiclet, General Dynamics CEO Phebe Novakovic, Boeing CEO Kelly Ortberg, SpaceX director Antonio Gracias and artificial intelligence firm Palantir chief technology officer of analytics Shyam Sankar.

“I’m in a world where I’m shaking hands with celebrity business people, mostly,” Trump said.

Trump has come to the critical swing state seven times during his second term, including last month, when he went to a Mack Trucks facility in Macungie.

Trump carried Pennsylvania in 2016 and 2024, and McCormick is not up for reelection this cycle, but Republicans are increasingly concerned about the war and the persistently high cost of living as well as the president's low approval ratings as they look to maintain control of Congress during November's midterm elections.

As he frequently does, however, Trump complained Wednesday that affordability and the rising cost of living that have increasingly worried voters were issues the Democrats have fomented for political purposes.

“That’s a fake word that they use, they caused the affordability problem," he said, before referencing one of his friends, whom he didn’t name, having bought a private plane just for the tax benefits.

Trump spoke at a similar gathering organized by McCormick last year in Pittsburgh that sought to make the city a hot spot for advancement in energy technology and robotics. Then, the senator announced $90 billion in pledged investments in those sectors across Pennsylvania.

Before Trump's arrival, multi-analytics threat detection leader ZeroEyes, which is based in Conshohocken, outside Philadelphia, announced a planned $10 million investment in artificial intelligence and machine learning research and development.

Pittsburgh-based Gecko Robotics says it plans to open a new 10,000-square-foot (930-square-meter) manufacturing facility designed to boost integration of robotics into defense manufacturing processes and better expand the nation's defense industrial base.

Unmentioned during Trump's appearance was an analysis released in May that found that U.S. military contractors will need at least three years to replenish stockpiles of Tomahawks, which are used to strike targets deep inside enemy territory, as well as Patriot and THAAD interceptors, which defend against incoming missiles and drones.

Stocks have dwindled as the U.S. has repeatedly fired strikes on Iran, adding to concerns that American forces would have limited firepower in any potential future conflict with China.

Trump also recently pledged to give Ukraine a license to produce Patriot air-defense systems, which could be a major development in its war with Russia, though turning the idea into real weapons is also likely to take years.

Trump has sought to correct the shortfall by seeking a historic $1.5 trillion defense budget proposal for 2027. But a package authorizing such spending levels is stalled in Congress, and, even if it eventually moves forward, loads of additional time will still be required to expand production capabilities to accommodate such weapons systems.

Jake Loosararian, co-founder and CEO of Gecko Robotics, said U.S. defense companies have "got to supercharge supply chains” to reduce how long it takes for new technology to be ready for widespread production.

“President Trump uniquely understands the importance of pragmatic impact today,” Loosararian said. "He also understands big, beautiful things for tomorrow.”

President Donald Trump speaks at the United States Army War College in Carlisle, Pa., during the Pennsylvania Defense and Innovation Summit, Wednesday, July 15, 2026. (AP Photo/Julia Demaree Nikhinson)

President Donald Trump speaks at the United States Army War College in Carlisle, Pa., during the Pennsylvania Defense and Innovation Summit, Wednesday, July 15, 2026. (AP Photo/Matt Rourke)

President Donald Trump speaks at the United States Army War College in Carlisle, Pa., during the Pennsylvania Defense and Innovation Summit, Wednesday, July 15, 2026. (AP Photo/Matt Rourke)

President Donald Trump greets Dina Powell McCormick, as he arrives at the United States Army War College in Carlisle, Pa., for the Pennsylvania Defense and Innovation Summit, Wednesday, July 15, 2026. (AP Photo/Julia Demaree Nikhinson)

President Donald Trump walks with Sen. Dave McCormick, R-Pa., and Defense Secretary Pete Hegseth as he arrives at the United States Army War College in Carlisle, Pa., for the Pennsylvania Defense and Innovation Summit, Wednesday, July 15, 2026. (AP Photo/Julia Demaree Nikhinson)

President Donald Trump waiting to greet Iraq's Prime Minister Ali al-Zaidi at the White House, Tuesday, July 14, 2026, in Washington.(AP Photo/Alex Brandon)

President Donald Trump speaks as he meets with Iraq's Prime Minister Ali al-Zaidi in the Oval Office of the White House, Tuesday, July 14, 2026, in Washington. (AP Photo/Julia Demaree Nikhinson)

SAN FRANCISCO (AP) — U.S. Coast Guard crews combed a massive area for three people missing nearly a day after a boat carrying 20 family members and friends as part of a memorial service capsized in the cold, choppy waters of San Francisco Bay near Alcatraz Island, authorities said Wednesday.

U.S. Coast Guard Captain Jared S. Toczko said rescuers have cumulatively scoured 950 square nautical miles (3,260 square kilometers) and will continue searching until sundown Wednesday before ending rescue efforts.

Toczko would not dismiss the possibility that those missing could still be alive, though he also said some could have been trapped inside the three-deck, 49-foot (15-meter) cabin cruiser.

“We do know individuals were in the main deck and potentially below deck," he said.

One person was pulled from the water but later died, and 16 others were rescued Tuesday afternoon after the boat took on water, listed heavily to one side and then rolled over before sinking, Toczko said.

The passengers on board were all close friends and family members, he said. A dog also died.

Crews have identified the location the boat sank but have yet to determine how deep it sank, Toczko said.

Once the boat is located, officials will send either divers or an underwater drone to determine if it's feasible to salvage it, said San Francisco Police Commander Brien Hoo. If the boat is under 120 feet (37 meters) of water, it would be difficult for divers to get to it, he said.

Witnesses reported “rough seas,” San Francisco Fire Department Chief Dean Crispen said, and rescuers said swells reached up to 5 feet (1.5 meters). Marine weather conditions, however, didn't warrant a small craft advisory from the National Weather Service.

Fire department spokesperson Lt. Mariano Elias said the vessel, named Volare, was registered out of Stockton, California, which sits at the eastern edge of the Sacramento-San Joaquin River Delta.

Tockzo said there were life jackets onboard the boat and that some people were rescued wearing them, though witnesses said several people were in the water without them.

Kirk Miller, an experienced local sailor with a master mariner license, said an uneven distribution of passengers could have caused the Volare to tip.

“As it rocks in the waves, it leans over a little bit,” Miller said. “And as it leans over, the stability would decrease. If you had weight down below it acts as ballast. There was nothing in the conditions that were extreme in any regard. There was no massive gust of wind, no huge wave.”

Two rescuers who jumped into action while fishing for halibut said the boat that sank was more than capable of being out in the bay. Justin Marceline and Michael Montoya said they saw what they thought was smoke and arrived to find the vessel halfway submerged.

“We just started yanking people out,” Marceline told The Associated Press. At least two people bobbed in the water without life jackets, while others clung to a windsurfer’s board.

Marceline could see people trapped inside the rapidly sinking boat through its windows. He threw lead fishing weights to survivors in the water, hoping they could smash the glass, but they were too weak.

“It was like Titanic in real life,” he said. “There was stuff everywhere. People were banging on the glass.”

Montoya estimated they pulled eight or nine people aboard, including the captain, before first responders arrived.

Initial callers reported what appeared to be smoke coming from the boat, but San Francisco police officers who first reached the vessel said it was steam.

Sudden immersion in water under 60 degrees Fahrenheit (15 degrees Celsius) can lead to cold water shock, a condition where people lose dexterity in minutes. That can be dangerous or deadly when trying to escape a sinking watercraft.

The person who died was identified as Clifford Boisa, 79, from rural Sutter County in the Sacramento Valley, the San Francisco medical examiner said.

The owners of the boat are John Boisa and Miriam Boisa of Stockton, Coast Guard records show. They did not immediately respond to messages seeking comment.

Boisa declined to answer questions from reporters about the victims or why they were on the boat.

“All of us are grieving during this time,” he told the San Francisco Chronicle.

A Coast Guard cutter named the Barracuda, other vessels and a fixed-wing aircraft were involved in the search, U.S. Coast Guard Petty Officer Petty Officer Kenneth Wiese said. Teams were using thermal imaging, tide prediction and modeling to guide their efforts, the fire department said.

The boat departed a San Francisco marina, passed under the Golden Gate Bridge twice and visited Angel Island State Park, the largest natural island in the bay. It was on its way back to San Francisco when it sank near Alcatraz, according to the ship-tracking website VesselFinder.

“The wind was coming underneath the Golden Gate and blowing toward Alcatraz,” said Lt. Joseph England of the Richmond Police Department, who responded to the scene. “If you have a smaller vessel and you don’t know what you’re doing and you’re hitting those swells sideways, it can lead to disaster.”

The maximum-security federal prison at Alcatraz Island, which closed more than 60 years ago, was infamously inescapable due to the chilly waters and strong currents that surround "The Rock.” It is now a popular tourist attraction, about a mile (1.6 kilometers) off San Francisco.

Associated Press writers Kathy McCormack in Concord, New Hampshire; Ed White in Detroit; Jaimie Ding in Los Angeles; and photographer Noah Berger in San Francisco contributed to this story.

First responders stand near a body after a boat accident near Alcatraz Island off San Francisco, Tuesday, July 14, 2026. (AP Photo/Noah Berger)

A police boat passes Alcatraz Island as search and rescue operations continue for victims of a Tuesday boat sinking on Wednesday, July 15, 2026, in San Francisco. (AP Photo/Noah Berger)

People cover themselves with American Red Cross blankets at Fort Mason, where the Red Cross has set up an assistance center for people impacted by a boat incident in the waters off San Francisco Tuesday, July 14, 2026. (Santiago Mejia/San Francisco Chronicle via AP)

A body is covered with a tarp on a dock near the site of boat accident on Tuesday, July 14, 2026, in San Francisco. (AP Photo/Noah Berger)

A U.S. Coast Guard crew goes past Alcatraz Island near the site of a pontoon boat accident on Tuesday, July 14, 2026, in San Francisco. (AP Photo/Noah Berger)

A San Francisco Fire Department vessel passes the city skyline while searching for missing victims after a boat accident near Alcatraz Island off San Francisco, Tuesday, July 14, 2026. (AP Photo/Noah Berger)

A body is covered with a tarp on a dock near the site of boat accident on Tuesday, July 14, 2026, in San Francisco. (AP Photo/Noah Berger)

A helicopter flies past the Golden Gate Bridge while searching for missing victims after a boat accident near Alcatraz Island off San Francisco, Tuesday, July 14, 2026. (AP Photo/Noah Berger)