Air Force America China Congress Europe Finance Financial Crisis Internet Iran Maduro Manufacturing military National Security Outer Space Pentagon Procurement Space Force SpaceX Supply Chain Taiwan Technology Ukraine United States USA Venezuela
JPMorgan Chase CEO Jamie Dimon said on Tuesday that the U.S. is becoming more like Europe in terms of defense procurement, and it’s holding the country back. Dimon spoke at the Hill & Valley Forum, which is an annual meeting that brings together policymakers, defense leaders, tech builders and investors to discuss national security, emerging technology and U.S. competitiveness. He said he was “deeply frustrated” by what he sees as excessive bureaucracy in the defense procurement process at the Department of War that inhibits its ability to respond quickly and adapt during a conflict. “We’ve become like Europe, we’re unable…
News Timeline:
Track the development of this news story across the Internet.