While the UN Talked Peace, the US Was Protecting Its People | Opinion
Summary
The article describes how the Pentagon’s Office of Strategic Capital (OSC) helps the United States stay ahead in important military and technology fields by investing in key industries like drones, satellites, and semiconductors. It says President Donald Trump expanded OSC’s work to protect U.S. interests and reduce reliance on other countries, especially China.Key Facts
- The OSC supports U.S. defense and economy by funding companies that make essential technologies.
- President Trump increased OSC’s activity after it was less active under the Biden administration.
- The OSC helps build U.S. production capacity in areas such as semiconductors, satellites, software, drones, and rare earth minerals.
- Rare earth minerals are important for military equipment like fighter jets and drones, and China currently controls most of their processing.
- OSC makes loans and investments that help private companies expand, with the goal of repaying taxpayers.
- Deputy Secretary of Defense Stephen Feinberg and OSC director David Lorch have driven major projects at OSC.
- One example is a $150 million loan to MP Materials to increase rare earth mineral processing in California.
- Another is an $820 million commitment to help build American drone manufacturing.
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