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John Phelan: “They've invested very, very little capital into their…”

Featuring: John Phelan, Secretary of the Navy | National

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Navy Secretary John Phelan on rising Iran tensions: I would suggest Iran settle this soon

Published | Video Starts at 07:38

Yeah, I think they should be. They should be, yes. And I think Secretary Hegseth, you know, with the executive order is really trying to bring them more in line. The fact is They've invested very, very little capital into their infrastructure and we've allowed the defense industry to get way too small. In your old life, you would not have liked hearing this as an investor. Right. If you, if you had had all your clients in defense stocks and then, you know, they were going to be subject to more supervision or regulation. (07:38–07:47)

CLAIM

Asserts that the defense industry has invested little in infrastructure and has become too small.

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