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John Phelan: “We are going to invest a significant amount of money in…”

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 05:22

But I think we have to create the appropriate demand signals to entice investors to come in and allow them to earn an appropriate. And what are those signals? How do you do it? So for shipbuilding, for example, right. We are going to invest a significant amount of money in shipyards. So that includes wages, modernization, multi year contracts for building. I think that's probably the key multi year contract to say that the, the business will be here. (05:22–05:28)

CLAIM

Asserts planned significant investment in shipyards.

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