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novating manufacturing process or business lines and industrial base strongly supported by Congressional leaders, doubling down on workforce development investments. the Department of Defense and every modern President.

In regards to regulatory changes, we expect the repair in- The Navy, also, has repeatedly cited the Jones Act, and dustry to quickly comply with the new U.S. Coast Guard the resulting commercial private shipyard industrial base,

Subchapter M regulations for inspected tow vessels. Ad- as an asset that would cost tens of billions of dollars to ditionally we expect to see the necessary investments in replace if the U.S.