Robot factories and hypersonic missiles: JPMorgan Chase's first $5 billion of defense investments

The head of JPMorgan Chase's new security and resiliency initiative, Todd Combs, then portfolio manager at Berkshire Hathaway Inc., is seen at Berkshire Hathaway's shareholders meeting in Omaha, Nebraska, May 4, 2014.Daniel Acker / Bloomberg / Getty ImagesJPMorgan Chase has made $5 billion in startup investments in the first year of its U.S. security and resiliency initiative, the company said Monday, a faster-than-expected pace that indicates the bank is finding plentiful opportunities in emerging defense, manufacturing and supply chain firms.The bank, which last year said it would deploy $10 billion into startups over a decade, may expand the program beyond that initial dollar amount, JPMorgan co-President Doug Petno told CNBC in an interview. Todd Combs, the former Berkshire Hathaway executive who leads the JPMorgan group in charge of making startup investments, has "hit the ground running," Petno said. "He's done a great job and put us in some really interesting companies," he added. Most of those investments have yet to be disclosed, but two known stakes seem emblematic of the project's mission to bolster companies that are needed for a more dangerous and chaotic era of geopol...