Matt Miller

But given sort of the changing environment today,

that we saw really starting with Ukraine a few years ago and now kind of what is happening here.

There's a realization among governments around the world that they need to invest in their defense, invest in the military and do technological upgrades as well as sort of, again, that infrastructure upgrade.

All right, makes a lot of sense.

Looking forward to more reporting on this story.

Allison McNeely, thanks for joining us.

Let's stick with the defense or reindustrialization theme because Saronic is making military drone boats.

It's closed a $1.75 billion Series D round, valuing the company at $9.25 billion.

And we have the CEO for you.

Dino Mavrukas joins us.

And Dino, you know,

For you also, this must be good news, the Carlisle story, right?

Obviously, your funding round has been very successful.

What are you going to deploy that capital to do?

How will you rebuild the industrial base?

Hi, Matt, and thanks for having me on the show.

This is very exciting news for Ceronic, and as you mentioned, very exciting news for the industrial base.

Before I jump into what's next for Ceronic and what we're going to be doing, it's important to acknowledge that this fundraising really came off the back of or is a byproduct of the execution of our team over the last 12 months.

Just 12 months ago, we raised a $600 million financing round on a $4 billion valuation.

That let us open our first shipyard, launch Marauder, which is 180-foot autonomous ship, start a $300 million infrastructure project into scaling production capacity at that shipyard.