The Pentagon is building a new team of investment bankers steeped in private equity to invest USD 200bln over three years in defense deals, aiming to counter China’s rise, according to a document reviewed by Semafor.

The Pentagon's initiative to invest USD 200 billion in defense deals signals a strategic pivot to enhance military capabilities, particularly in response to competition with China. This substantial commitment could affect various sectors, likely bolstering defense and related industries, while potentially influencing investor sentiment in metals and commodities as demand for defense-related materials may rise.