Matt Miller

and also scale the production of our small USV products, Corsair, which you see right behind me, well into the thousands.

Now, as we look forward, what are we going to do with this new capital?

We're going to continue to accelerate the production and the delivery of our vessels to the US and allies around the world.

We're going to launch new products, new ships, and we're going to continue that investment into the shipbuilding industrial base.

billions of dollars, create thousands of jobs in the process and unlock production rates in shipbuilding that we haven't seen in this country since World War II and do it in a very software first, technological first approach.

And it's also, I mean,

I wasn't aware until we started reporting on the potential to lift the Jones Act what a bad state U.S.

shipbuilding is in.

I mean, we only have like six or seven Navy shipyards, and most of them are here on the East Coast.

I think one in California.

How are you playing a role in bringing back U.S.

shipbuilding, Dino?

You're exactly right.

The shipbuilding industry is in crisis right now, and you're seeing this as a priority of the administration.

I mean, the White House just put out a maritime action plan to rebuild the maritime industrial base, and that's exactly what Saronic is investing in.

When you look at the shipbuilding capacity in this country right now from a commercial perspective, the United States has 0.1% of global shipbuilding capacity.

The Chinese can outbuild the United States 230 to one.

And then on the military and defense side, you know, traditional naval destroyers, for example, cost billions of dollars, but also say take six to eight years to produce one of them.

So how we're looking at deploying our unmanned systems is really around scale.

How do we adopt very, very fast in really large quantities at a fraction of the price point that traditional manned platforms are able to be delivered to the military today?