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Bloomberg

Sen. McCormick Calls for Faster Defense Procurement, AI Buildout

Senator Dave McCormick says the U.S. must modernize its defense industrial base by accelerating procurement and investing in next-generation technologies like drones and AI alongside traditional military capabilities. Speaking to Bloomberg's Tyler Kendall on the sidelines of the Pennsylvania Defense & Innovation Summit, McCormick says that procurement reform is critical as the current acquisition process is overly bureaucratic. He also applauds the Trump administration's efforts to cut red tape and increase competition.

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Bloomberg

AI Startup Targets Faster Navy Maintenance

Gecko Robotics CEO Jake Loosararian says the company's AI and robotics platform is helping the US Navy reduce ship inspection and maintenance timelines, with the goal of improving fleet readiness and strengthening the defense industrial base. Joining Bloomberg's Tyler Kendall at the Pennsylvania Defense & Innovation Summit, Loosararian says that faster deployment of robotics, AI and resilient energy infrastructure is critical for the US to compete with China.

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Bloomberg

Hanwha Bets $5 Billion on US Shipbuilding

Hanwha CEO Michael Colter and CSO Alex Wong say the company is investing $5 billion to expand the Philadelphia Shipyard while bringing South Korean shipbuilding technology and workforce training to the US in an effort to rebuild domestic industrial capacity. Speaking to Bloomberg's Tyler Kendall at the Pennsylvania Defense & Innovation Summit, they say that bipartisan support for defense manufacturing, stronger US-South Korea industrial ties and faster Pentagon procurement are underpinning investments in shipbuilding, munitions and artillery production.

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