Matt Miller

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?

What are the biggest benefits of these drone boats?

I mean, I look at this administration seemingly begging our allies to come help out in the Strait of Hormuz with minesweepers because we have only some wooden-hulled boats out there, right?

And obviously with a crew that you don't want to risk with such a dangerous task, is this where you can play a critical role?

That's exactly right.

I mean, when you look at what's happening in the Straits of Hormuz and, candidly, other maritime environments around the world, what you're seeing are increasingly contested and increasingly complex environments.

What unmanned systems really bring to the table is scale, persistence and risk reduction.

And what I mean by that is you can really deploy high numbers of these platforms, again, at a fraction of the price point of traditional manned platforms.

You can operate them continuously in these dangerous environments while keeping sailors out of harm's way.

That really gives naval commanders optionality to combat some of these threats that they're seeing that aren't countered very easily with manned platforms alone.

What is, Dino, you know, we hear so much about the defense industrial base and how we're not building enough here.

We're not building fast enough here or efficiently enough.