JPMorgan has also financed over USD 230 billion to strengthen the industries, supply chains and technologies underpinning economic resilience
One year after launching its USD 1.5 trillion Security and Resiliency Initiative (SRI), JPMorgan Chase on Monday announced a further USD 5 billion in equity investments through its “Strategic Investment Group.”
The Wall Street giant has also financed and facilitated more than USD 230 billion to strengthen the industries, supply chains and technologies underpinning long-term national security and economic resilience.
“As geopolitical dynamics intensify, energy demand rises and supply chain vulnerabilities continue to challenge economies around the world, governments and businesses are increasingly focused on ensuring they have the industrial capacity, energy resources, critical technologies and workforce needed to support long-term economic growth and national security. Through SRI, JPMorganChase brings together financing, investment, research, policy expertise and convening power to help address those challenges and strengthen the foundations of economic resilience,” the company said.
“Strong economies and national security don’t happen by accident. They require investment in critical infrastructure, manufacturing, energy, defense and innovation, as well as policies that encourage growth,” said Jamie Dimon, Chairman and CEO of JPMorgan Chase.
“Through SRI, we’re bringing together capital, expertise and convening power to help strengthen the industries, supply chains and workforce that support economic prosperity and national security,” he added.
The Strategic Investment Group, led by Todd Combs, invests JPMorgan Chase’s capital in companies with long-term strategic importance and oversees the direct equity investments under the Security and Resiliency Initiative.
In its first year, the group committed USD 5 billion of the initial $10 billion SRI equity allocation.
It invests in venture, growth and later-stage companies to help them expand, innovate and increase manufacturing capacity.
“Recent investments support next-generation defense technologies, distributed battery storage, automated manufacturing and frontier technologies,” said Todd Combs, Head of the Strategic Investment Group at JPMorgan Chase.
“Our approach is to find generational companies and partner with them for the long term. The Security and Resiliency Initiative is an important part of that work. Putting USD 5 billion to work in our first year shows how many exceptional businesses are building in industries that strengthen critical supply chains and the solutions our economy and security depend on,” he added.
Since 2025, JPMorgan Chase has financed and facilitated more than $230 billion in transactions across SRI’s five focus areas: supply chain and advanced manufacturing; defense and aerospace; energy independence and resilience; frontier and strategic technologies; and pharmaceuticals and health technology.
“This work has supported defense technology companies and manufacturers as they scale; financed Tier 2, 3 and 4 suppliers critical to the defense industrial base; facilitated investment in next-generation nuclear and geothermal energy; expanded domestic critical minerals and metals capacity; advanced artificial intelligence, cybersecurity and quantum computing; and strengthened critical medicine production and supply chains,” Combs said.
“We are proud of what we have accomplished in SRI’s first year, but this progress is only the beginning,” said Jay Horine, Head of the Security and Resiliency Initiative at JPMorgan Chase Global Banking.
“Over the past year, we have deployed capital, developed insights across critical industries and demonstrated how financing, policy engagement and collaboration can reinforce one another. Our focus is now turning that momentum into even greater execution, helping expand industrial capacity, strengthen supply chains and support the industries that will shape long-term economic resilience and national security,” the senior executive said.
The firm has built a dedicated team of more than 35 SRI professionals, including 13 managing directors, supported by hundreds of bankers and colleagues across the organisation.
In 2026, SRI also expanded into Europe and Canada, recognising that many technologies, supply chains and industrial capabilities critical to resilience cross national borders.
As a result, collaboration among trading partners has emerged as an essential prerequisite for the programme’s international success.
Building on its momentum in the United States, the firm expanded the initiative into markets that play a critical role in strengthening advanced manufacturing, defense technologies, energy systems and strategic supply chains.
Nearly one-third of SRI-related activity over the past year has taken place outside the United States.
Beyond deploying capital, SRI is using value-chain analysis, industry engagement and research to identify supply-chain dependencies, workforce shortages and financing gaps.
Drawing on the Center for Geopolitics, the Industry and Policy Thematics research team and other firmwide expertise, SRI has combined market intelligence, industry knowledge and policy analysis to help direct financing, investment and public-private collaboration towards areas where they can have the greatest impact.
Since October 2025, JPMorgan Chase has mapped seven critical value chains and identified opportunities for capital, partnerships and targeted action to strengthen industrial capacity and reduce strategic vulnerabilities.
SRI’s value-chain analysis and industry engagement have identified workforce, permitting and procurement challenges that continue to constrain investment, innovation and industrial capacity.
These findings have informed SRI’s policy analysis, which focuses on practical reforms across five areas: defense procurement, smart industrial policy, workforce development, energy and grid modernisation, and permitting. The reforms could help strengthen long-term economic resilience and national security.
Since 2025, JPMorgan Chase has convened stakeholders and published analysis to support policies that strengthen US industrial capacity and resilience.
“Effective policy creates the conditions for investment, growth and opportunity,” said Tim Berry, Global Head of Corporate Responsibility and Chairman of the Mid-Atlantic Region at JPMorgan Chase.
“By removing barriers, connecting workers to good careers and giving businesses the confidence to act, we can strengthen supply chains and build a more resilient economy,” he added.
JPMorgan Chase is also using its global franchise and network across business, capital markets and the public sector to bring together leaders who can accelerate solutions for critical industries.
According to the Wall Street giant, these gatherings aim to identify barriers and speed up action on challenges that no single institution can tackle alone.
In April, the inaugural Defense Action Forum brought together 120 leaders from business, government, trade groups and other organisations to discuss how the United States could strengthen and expand its defense industrial base.
In January and June, respectively, the firm hosted resiliency summits in Wyoming and Michigan with state leaders to discuss advancing critical industries and strengthening regional economies.
In July, JPMorgan Chase announced USD 24 million in funding to support Philadelphia’s shipbuilding and maritime manufacturing ecosystem through workforce training, supply-chain development and small-business growth.
In September, Michigan, Ford and JPMorgan Chase announced a public-private initiative aimed at strengthening manufacturers’ competitiveness and supply-chain resilience, while accelerating the growth of innovative suppliers expanding production in the state.
As SRI enters its second year, JPMorgan Chase will focus on turning value-chain insights into action by supporting companies that can expand critical capacity, developing structures that make strategic projects financeable, strengthening supplier and workforce ecosystems, and expanding cross-border policy coordination.
“Success will be measured not only by capital mobilisation but also by stronger industrial capacity, more reliable supply chains and a deeper pipeline of companies able to scale when demand rises or disruption occurs,” the company concluded.
