Pennsylvania GOP Sen. Dave McCormick's office announced nearly $10 billion in new defense-related investment commitments and more than 4,000 jobs supported across his state following the first Pennsylvania Defense and Innovation Summit in Carlisle.
According to McCormick's office, the Tuesday-Wednesday summit at the U.S. Army War College, brought together more than 1,300 defense, technology, finance, university, and workforce leaders as companies announced more than 30 initiatives involving shipbuilding, munitions, artificial intelligence, robotics, space technology, and advanced manufacturing.
Also at the summit were President Donald Trump, War Secretary Pete Hegseth, and JPMorgan Chase CEO Jamie Dimon.
The summit advanced Trump's "Peace through Strength" agenda by expanding the nation's defense industrial base and strengthening Pennsylvania's role in producing critical military capabilities.
"Pennsylvania has powered American defense since the Army, Navy, and Marine Corps were founded in Philadelphia in 1775," McCormick said.
"That legacy carried us through the Arsenal of Democracy in World War II, and it's carrying us today through advanced manufacturing, robotics, AI, and space."
McCormick said the announcements demonstrate Pennsylvania's ability to attract major investments while creating new opportunities for workers across the state.
"This week, that legacy translated into results with nearly $10 billion in new investment and supporting over 4,000 jobs for Pennsylvania workers," he said.
The summit featured more than 600 C-suite executives, representatives from more than 500 organizations, and more than 130 exhibitor booths, according to McCormick's office.
The office said the event included more than 1,500 meetings connecting investors, defense suppliers, universities, workforce leaders, military officials, and Department of War representatives.
Among the largest announcements highlighted by McCormick's office was a 10-year, $2.5 billion strategic agreement between Rhoads Industries and General Dynamics Electric Boat supporting advanced manufacturing and U.S. Navy submarine construction at the Philadelphia Navy Yard.
The agreement is expected to support about 1,350 jobs through 2035, according to the senator's office.
Hanwha Philadelphia Shipyard announced new ship orders through the Department of Transportation's Maritime Administration valued at about $1.5 billion in program costs and supporting more than 2,000 jobs, according to McCormick's office.
JPMorganChase announced nearly $25 million in loans, investments, and grants to strengthen Philadelphia's shipbuilding and maritime manufacturing sector, including support for submarine manufacturing capacity and workforce training, the office said.