{"id":85643,"date":"2024-02-22T17:55:36","date_gmt":"2024-02-22T17:55:36","guid":{"rendered":"https:\/\/one.sightlinemg.com\/navytimes\/uncategorized\/2024\/02\/22\/new-navy-council-to-tackle-foreign-investment-risks\/"},"modified":"2026-08-08T01:03:44","modified_gmt":"2026-08-08T01:03:44","slug":"new-navy-council-to-tackle-foreign-investment-risks","status":"publish","type":"post","link":"https:\/\/one.sightlinemg.com\/navytimes\/news\/your-navy\/2024\/02\/22\/new-navy-council-to-tackle-foreign-investment-risks\/","title":{"rendered":"New Navy council to tackle foreign investment risks"},"content":{"rendered":"\n<p class=\"wp-block-paragraph\">The U.S. Navy is creating a council meant to counter \u201cadversarial economic activities,\u201d such as intellectual property theft and exploitation of the supply chain, that harm the Navy and Marine Corps, according to the Navy secretary.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Carlos Del Toro said Thursday the Maritime Economic Deterrence Executive Council is needed because other countries have taken steps that threaten the Navy\u2019s technology development and supply chain.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">He described \u201cexploiting supply chain vulnerabilities, adversarial capital investments in companies developing technologies that are critical to our fleet and our force\u201d and ongoing \u201cintellectual property theft\u201d as \u201cconcerted actions designed to weaken our competitive advantages, not only at sea but on the world\u2019s economic stage.\u201d<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">The new council is co-chaired by Vice Adm. Francis Morley, the top uniformed advisor to the Navy\u2019s acquisition community, and Chris Diaz, the secretary\u2019s chief of staff, Del Toro said at an Aspen Strategy Group event in New York.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">The council includes representation from the research and development community, supply chain and critical infrastructure experts, and intelligence and law enforcement organizations within the Department of the Navy.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Del Toro said this group, using authorities already granted to the department, \u201cwill focus on mitigating adversarial foreign investment risks, innovation and technology protection, supply chain integrity initiatives, and the coordination and protection of research efforts across both the government as well as the private sector.\u201d<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Morley, speaking at the same event, said the group had an initial meeting to discuss the challenges ahead. He said the meeting made clear each community has been taking its own steps to protect intellectual property, research and supply chains, but that they could accomplish more working in tandem.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Del Toro said the council\u2019s establishment follows other Biden administration efforts to shore up \u201cseams\u201d between the military, the traditional defense industrial base and the innovation sector.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">He cited the <a href=\"https:\/\/www.whitehouse.gov\/briefing-room\/statements-releases\/2022\/08\/09\/fact-sheet-chips-and-science-act-will-lower-costs-create-jobs-strengthen-supply-chains-and-counter-china\/\">2022 CHIPS and Science Act<\/a> as an early step to ensure American independence in critical technology and manufacturing sectors.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">The White House Office of Science and Technology Policy this month <a href=\"https:\/\/www.whitehouse.gov\/ostp\/news-updates\/2024\/02\/12\/white-house-office-of-science-and-technology-policy-releases-updated-critical-and-emerging-technologies-list\/\">released a 2024 list of critical and emerging technologies<\/a> with national security importance, including artificial intelligence, hypersonics and quantum information.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">And, he added, the Department of Defense last month released its first-ever <a href=\"https:\/\/www.defense.gov\/News\/News-Stories\/Article\/Article\/3644527\/dod-releases-first-defense-industrial-strategy\/\">National Defense Industrial Strategy<\/a> outlining how to <a href=\"https:\/\/www.defensenews.com\/pentagon\/2024\/01\/11\/pentagons-first-industrial-strategy-calls-for-generational-change\/\">modernize the defense sector<\/a>.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The new council is tasked with protecting the Navy from foreign adversaries&#8217; economic and industrial threats.<\/p>\n","protected":false},"author":7,"featured_media":118305,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_yoast_wpseo_meta-robots-noindex":"","_yoast_wpseo_meta-robots-nofollow":"","_yoast_wpseo_canonical":"","_acf":"","_yoast_wpseo_primary_category":65,"_jetpack_feature_clip_id":0,"_jetpack_memberships_contains_paid_content":false,"footnotes":"","_smg_distribution_targets":[]},"categories":[12,65],"tags":[],"coauthors":[3347],"class_list":["post-85643","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","category-your-navy"],"acf":{"subheadline":"","legacy_arc_id":"7KYYZBVVBNFVDMYKSDARJSJMDQ","arc_canonical_url":"\/naval\/2024\/02\/22\/new-navy-council-to-tackle-foreign-investment-risks\/","remove_feature_photo":false,"is_sponsored":false,"subtype":"","redirect_url":"","disable_inline_ads":false,"native_logo_pretext":"Presented By:"},"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v26.0 (Yoast SEO v28.1) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>New Navy council to tackle foreign investment risks - Navy Times<\/title>\n<meta name=\"description\" content=\"The new council is tasked with protecting the Navy from foreign adversaries&#039; economic and industrial threats.\" \/>\n<meta name=\"robots\" content=\"noindex, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"New Navy council to tackle foreign investment risks\" \/>\n<meta property=\"og:description\" content=\"The new council is tasked with protecting the Navy from foreign adversaries&#039; economic and industrial threats.\" \/>\n<meta property=\"og:url\" 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