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Navy/USMC

SECNAV Unveils Council To Mitigate Adversarial Foreign Investment Risks

Rich Abott By
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SECNAV Unveils Council To Mitigate Adversarial Foreign Investment Risks
Secretary of the Navy Carlos Del Toro (Left) announced the formation of the Department of the Navy Maritime Economic Deterrence Executive Council (MEDEC) during a panel discussion hosted by the Aspen Institute in New York City, Feb. 22, 2024. MEDEC is co-chaired by Principal Military Deputy to the Assistant Secretary of the Navy for Research, Development, and Acquisition (RD&A), Vice Admiral Francis Morley (Right) (Photo: U.S. Navy)

The Secretary of the Navy announced the formation of a new council that seeks to mitigate adversarial economic activities including foreign investment risks, protect innovation and technology, work on supply chain integrity and protect research efforts. Secretary Carlos Del Toro announced the formation of this new Department of the Navy Maritime Economic Deterrence Executive Council (MEDEC) on Feb. 22 during an event hosted by the Aspen Strategy Group. He said it was stood up earlier in February. MEDEC will be…

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