The nature of warfare continues to evolve. Technology is actively shaping the battlefield while exposing a gap between what modern warfare demands and what the traditional industrial base is set up to deliver. Closing that gap is now a priority for militaries, industry and investors on both sides of the Atlantic.

General Chris Cavoli has a unique view of that challenge. He retired after nearly four decades in the U.S. Army, most recently as the 20th Supreme Allied Commander Europe and Commander of U.S. European Command. Today he works at the intersection of national security, technology innovation and private capital, at Valor Equity Partners and as a member of SRI's External Advisory Council. In conversation with Mark Marengo, head of diversified industries investment banking at J.P. Morgan, he explained what it will take to build capability at pace and scale.

About the Security and Resiliency Initiative

J.P. Morgan’s Security and Resiliency Initiative is a $1.5 trillion, 10-year plan to facilitate, finance and invest in industries critical to national economic security and resiliency. It includes direct equity investments for an initial amount of $10 billion. Defense and Aerospace is one of five focus areas and covers defense technology, autonomous systems, next-gen connectivity and secure communications.