Based on the provided source, here is the transcription of the video excerpts. Please note that the sources do not include timecodes, so I am unable to provide them. However, I have ensured that paragraph breaks are included whenever the speaker changes, and I have bolded key information for clarity.

The President: Thank you very much, and thank you for being here at the Oval Office, one of great places of the world as we make a historic announcement about the Golden Dome Missile Defense Shield, that’s something we want. And at Ronald Reagan wanted it many years ago, but they didn’t have the technology. But it’s something we’re going to have. We’re going to have it at the highest level. I want to thank Secretary Hegseth who’s been fantastic and Secretary Rubio and Space Force vice chief, of Space Operations, General Mike Guetlein. I also want to recognize Senators Dan Sullivan, Kevin Kramer and Jim Banks. Fantastic Senators. Great talents. Great political talents and people that love our country. In the campaign, I promised the American people that I would build a cutting edge missile defense shield to protect our homeland from the threat of foreign missile attack. And that’s what we’re doing. Today I’m pleased to announce that we have officially selected an architecture for this state-of-the-art system that will deploy next-generation technologies across the land, sea and space, including space-based sensors and interceptors. And Canada has called us and they want to be a part of it. So we’ll be talking to them. They want to have protection also. So as usual, we help Canada as best we can. This design for the Golden Dome will integrate with our existing defense capabilities and should be fully operational before the end of my term. So we haven’t done in about three years. Once fully constructed, the Golden Dome will be capable of intercepting missiles even if they are launched from other sides of the world and even if they’re launched from space. And we will have the best system ever built. As you know, we helped Israel with theirs and it was very successful. And now we have technology that’s even far advanced from that, but including hypersonic missiles, ballistic missiles and advanced cruise missiles, all of them will be knocked out of the air. We will truly be completing the job that President Reagan started 40 years ago for ever ending the missile threat to the American homeland and the success rate is very close to 100 percent, which is incredible. When you think of it, you’re shooting bullets out of the air. I’m also pleased to report that the One Big Beautiful Bill will include $25 billion for the Golden Dome to help construction get underway, that’s the initial sort of a down deposit. And we have… probably you’re talking about… General, we’re talking about $175 billion total cost of this when it’s completed. This afternoon, I’m also announcing that I will appoint very importantly, General Guetlein to lead the ambitious new effort as the direct reporting program manager for the Golden Dome. Very talented man and I’m very honored to have been the one that helped to really create a Space Force. Space Force has turned out to be a tremendous success. We were third in space and now we’re number one in space by a lot. It’s not even close. And Mike is a four star Space Force general. The recipient of the defense, distinguished service medal, one of the most respected people in the world having to do with defense. We have offense and we have defense. I bet he’s good at offense, too. And he has an unmatched background in missile warning technology and defense procurement. General Guetlein also knows that we need to move fast. No one is more qualified for his job and everybody — this was a universal acceptance of General Guetlein. Everybody that knows him and knows everybody else. They said there’s only one man for the job. So I have a feeling we have the right guy. But now I’d like to invite Secretary Hegseth and the general to please say a few words and describe the system a little bit. And we appreciate you being here. The press has really been very fair over the last period of a couple of months. I don’t know what happened to you. So much more exciting the other way. But you’ve been very, very fair. We have very high poll numbers. The highest we’ve ever had. And I think we’re doing a great job. We had a tremendous trip to the Middle East as you know. It was a really amazing trip. And now I came home. And this is the one I was really looking forward to this day. Because this is very important for the success and even survival of our country. It’s an evil world out there. So this is something that goes a long way toward the survival of this great country. And as I said, we’ll be discussing Canada. They want to hook in and they want to see if they can be a part of it. That sort of makes sense. I guess that’s what I was talking about from day one. Now it just automatically makes sense. And it won’t be very difficult to do. But they’ll pay their fair share. Thank you very much, everybody. And Pete, go ahead.

Secretary Hegseth: Well, Mr. President, add this to the long and growing list of promises made and promises kept. Ultimately, this right here, the Golden Dome for America is game changer. It’s a generational investment in the security of America and Americans. Mr. President, you said, we’re to secure our southern border and get 100% operational control. But the previous administration allowed an invasion of people into our country. President Reagan 40 years ago cast the vision for it. The technology wasn’t there. Now it is. And you’re following through to say we will protect the homeland from cruise missiles, ballistic missiles, hypersonic missiles, drones, whether they’re conventional or nuclear. And it’s not lost on me, sir, also that you had the vision to start the Space Force. And here we are — when others said we didn’t need it. Here we are in the Oval Office with one of the leaders of the Space Force in General Guetlein, leading the charge on putting in place a game-changing Golden Dome for America. So, sir, it’s an honor to be a part of this bold initiative. We’re going to get to work on it. We have been, since you signed that executive order on January 27th, we’ve been fast-forward on this. We’re here on this day, and this is just one stop in delivering this defense of the homeland, which is something you’ve charged us with doing, and we’ll keep going until it is complete, sir.

The President: Thank you, Pete. Pete’s done a great job, by the way. Thank you very much. General?.

Gen. Guetlein: (inaudible) day for the nation to double down on protection homeland. As you’re aware, our adversaries have become very capable and very intent on holding the homeland at risk. While we have been focused on keeping the peace overseas, our adversaries have been quickly modernizing their nuclear forces, building out ballistic missiles capable of hosting multiple warheads, building out hypersonic missiles capable of attacking the United States within an hour, traveling in 6,000 miles an hour, building cruise missiles that can navigate around our radar and our defenses, building submarines that can sneak up on our shores and worst yet, building space weapons. It is time that we change that equation to start doubling down on the protection of the homeland. Golden Dome is a bold and aggressive approach to hurry up and protect the homeland from our adversaries. We owe it to our children and our children’s children to protect them and afford them a quality of life that we have all grown up enjoying. Golden Dome will afford that. I greatly appreciate your trust in me and your nomination in me and your trust in the team to deliver this. It is a great day for America.

The President: And also, very importantly, we are the only ones that have this, we call it super technology, nobody else has it, and nobody else has nearly really near what we have. So this is a very exciting project. This is something that will — as the general said, close to 100 percent protection, so that’s something we need, I think it’s that very — and everything is going to be made in the USA, by the way. So it’s something that I’ve been looking forward to for a long time. And I just noticed you too, Jim, you standing there behind you is a very important document, Declaration of Independence. And that was in the vault for many decades under this area. I have vaults with pictures on top of your Abraham Lincoln. You see, that was the original Abraham Lincoln, the original Washington. And does everybody know who the middle was? General Grant. And so it’s a very exciting, you look over here, and above Ronald Reagan, you have Thomas Jefferson. It’s Monroe from the Monroe document. And you know who that is, right? Andrew Jackson. So we have a lot of very exciting pictures on the other side, likewise. Just some great presidents and great people. And many of these people were asking about many of them, almost all of them were in the vaults. Or nearby, but generally in the vaults downstairs. Well, we have some great, so it’s very exciting. And the place has become a little different than you first saw, Jim, right? It’s slightly better. But to think we had them in somewhere in the vaults for over 100 years. So it’s pretty cool stuff. Everybody knows Jim Banks. He’s a great congressman, and now he’s a good senator from Indiana. And he might want to say a few words.

Senator Banks: Well, your legacy with Space Force, Mr. President, is already big, but the golden dome is going to be an even bigger legacy for our country. Indiana is going to help you make it. The space satellites that are made of Fort Wayne, Indiana by L3 Harris. All the work done at Crane Navy Base in southern Indiana is going to be a big part of it. And Hoosiers are very proud of that. We’re proud of you. Thank you very much. Yes, sir. there’s $25 billion as a down payment in the budget reconciliation bill right now. Yeah, in Fort Wayne, Indiana, where i live we make all the space satellites at L3-Harris. Across the board, we’re the top manufacturing state in the country. By the way, the tarrifs have been very good. Our auto-manufacturing — But this is going to be really good for the defense industry in my state. There’s so much money involved here. They’re going to be a lot of American companies involved. The new Honda Civic made in Indiana. GM has added jobs. Eli Lilly moving pharmaceutical manufacturers from China to the United States, $27 billion. You go on and on with good news in Indiana and across the country because of the tariffs.

The President: It would be a big factor that you — a good luck and congratulations. You won that race by a lot. That was an even a contest, right? Thank you. Thank you very much. Nice. Please go ahead. I missed that. This is Senator Kramer. He’s one of our best. You can’t get any of that.

Senator Kramer: You’re very nice, Mr. President. And thanks for this. And I remember the day in your first term when you called. I was a brand new baby freshman senator on the Armed Services Committee and said, he said, I want to have a Space Force. Would you lead the effort on the Senator Armed Services Committee? And I felt so proud of thinking that you chose me and only to find out later no one else would do it. But nonetheless, it worked out really, really well because… North Dakota has some great space assets to the Golden Dome. No surprise that you would be the president that would come along and put the homeland first. And this is just one more example of that. So thanks for this and for allowing me to stop by. By the way, let me just add my strong endorsement in General Guetlein. for leading this. I don’t know anybody better. For sure. Better equipped to do it than he is. That’s for sure. Mr. President, I think one of the things that you alluded to this, the new autonomous space-age defense ecosystem is more about Silicon Valley than it is about big metal, right? And so what’s exciting about this is it makes it available to everybody, to participate, to compete, big companies, mid-sized companies, small companies.

The President: Everybody said that. Dan Sullivan. Alaska Senator.

Senator Sullivan: Thank you, Mr. President. And thank you for your continued leadership on missile defense. We were talking earlier in 2019 at the Pentagon you laid out a speech about missile defense review that had all these principles on missile defense. You articulated then during your first term. And now the Golden Dome is all of that. So you’re continuing to lead. We really appreciate it. The Congress is stepping up as you mentioned right now in the budget reconciliation bill. $25 billion for the Golden Dome in what Senator Kramer and Senator Banks and I and many others. We’re working on our brief view on this before, sir, on our Golden Dome Act. Which we think we’ll have in terms of legislation that can help cement what you’re doing right here. Getting the Congress behind it, not just with the funding, but with authorizations. So we’re working closely with Secretary Hegseth, General Guetlein, the whole team. So we’re very honored to be here, sir. You know, Alaska is the cornerstone of missile defense right now in terms of ground-based missile interceptors. In terms of radar systems and tracking incoming missiles. So my state is honored to continue to play a critical role in all of this and build on it. And we’re really excited to be here. Yes, sir, Mr. President, I think when you look at the system that you’ve laid out, it’s an idea your executive order of a layered defense. So you have an initial ground-based missile interceptors which are made by some of the big defense companies. Lockheed, Martin, Raytheon. But the beauty of your vision, Mr. President, is that it’s layered, it’s open architecture, and it goes up into space. So this is going to be some of the new defense tech companies that are very interested in it and can bring missile defense at a cost that I don’t think you said Mr. President is unimaginable in terms of how much lower the cost is. So it’s all across the board in terms of companies. Senator Kramer, I just met with a bunch from last week that are interested in this. And you said it earlier, Mr. President. Our technology sector is head to shoulders above any other place in the world and they’re going to be a key part of this, and I think that’s why it makes it so exciting.

The President: Thank you very much. Any questions? There really is no current system. We have certain areas of missiles and certain missile defense, but there’s no system. We just have some very capable weapons that hopefully we never have to use. But we have some very capable weapons. Now this is a very different league. There’s never been anything like this. This is something that’s going to be very protective. I think you can rest assured there’ll be nothing like this. Nobody else is capable of building it either. Well, they had it differently. I suggested it and they all said, we love the idea, sir. That’s the way it’s got to be, right? But they want it and they wanted it badly once it was suggested. I don’t know if they have a thought they would be lucky enough to have it. But we were able to get it done. And we have all the funding, so pretty much tucked away. I think most people feel it’s very important to have you up. Well, they’re wrong, this is about as close to perfect as you can have. And I tell you, Canada wants to be a part of it, which be fairly small expansion. But we’ll work with them on pricing. Deal with them on pricing, they know about it very much. They’ve asked to be a part of it, actually. They’ve asked us to be a part of it. I think it’s something that is great if you can to afford to do it. We can afford to do it. We took in $5.1 trillion in the last four days in the Middle East. And when you think about it, this is a tiny fraction of that. But we make it all here. We’re going to make it all here. I will tell you, an adversary told me a very big adversary told me the most brilliant people in the world are Silicon Valley. He said, we cannot duplicate them. We can’t. This is somebody that I won’t tell you who it is, but you’d be amazed. We have the most brilliant minds in the world doing this kind of thing, the equipment, the space, the computers, everything. But he said, we just can’t duplicate what you have there in Silicon Valley. We never have been able to. There’s a very strong group of people and very strong minds, but they can’t. So we have things that nobody else can have. You see what we’ve done helping Israel with that. You probably wouldn’t have an Israel. It launched probably 500 missiles altogether. And I think one half of a missile got through. And it was only falling to the ground to scrap metal. It’s pretty amazing. And this is in terms of technology, far advanced from that system. We haven’t discussed it, but at the right time we will. We think it’s going to be about a little bit less than three years. And we’ll have a big phase in. You know, we’re starting immediately with $25 billion. It’ll cost about $175 billion completed. But we think in two and a half to three years. Yeah. It’s amazing how easy this one is to fund. You know, some funding is tough and some is easy. When we say we’re going to save everyone’s lives in a crazy world, that seems to be very easy to get. Yeah, we’ve already spoken to everybody who have to speak to everybody. I would say, Dan, everybody’s in line here. People actually love it. No. I don’t worry about that at all. They’re going to be very safe. Those two countries, they’re going to be very safe. Well, that’s going to be my determination. That’s going to be nobody else’s determination. We’ll see how Russia behaves. We see what’s going to happen. We have a pretty critical time right now. I had a talk yesterday for two and a half hours with President Putin, as you know. I also spoke to all of the European… to many of them leaders, but they were representing the whole. And I think we had a very good conversations yesterday. Yeah, I think I’ll let you answer that. You can mention some of yours from Alaska’s involved. Alaska’s a big part of it because, location, they’re sort of perfect. Because your first line of defense in certain instances. And Kevin will tell you that his state’s involved. But honestly, all Georgia is going to be very big. Florida is going to be very big. They’re all going to be very big. Jim, do you want to talk about Indiana? They’ve been so good. You might also say you’re talking about the tariffs. He has some of the biggest auto-plants in the world moving into Indiana. Only for one reason. Maybe two reasons. November 5th. And the tariffs. But the tariffs have driven tremendous business into this country. But you have one of the biggest in the world. Our country was cold as ice a year ago. And now we have the hottest country in the world. This is the hottest country in the world. Nobody even close. You look at even this last trip that I made. The respect that is paid to our country. We’ve went from being laughed at all over the world. And now with the hottest country in the world by far. Dan, go ahead, please. And Pete, maybe we close with you. We have been discussing this for a long time. Peter and I used to discuss it when I was going to go on a show that he did very well in tremendous ratings, but only all he wanted to talk about was the military. He didn’t want to talk about anything else, we used to talk about this. How about you closing it out? Thank you very much. Great job, everybody. Thank you. Thank you very much. No cuts to Medicaid.

The Press: You have mentioned at the beginning of your remarks that this was a campaign promise of yours. Have military commanders asked for this system specifically? Because NORAD had said previously that the current system was adequate. So what does this get the United States? (inaudible) other military commanders — did they ask you to do this? Thank you, Mr. President. When you first announce this idea, critics said it would be prohibitively expensive, potentially ineffective, and could trigger an arms race in space? What do you say to those critics about that? What about the adversaries? Have you addressed Russia’s ventures in space with a space-based nuclear weapon and told Putin to stop in your conversations with him? (inaudible) keeping Americans safe with this. Can you talk about the timeline? How long will this take? How confident are you can get the funding needed for Congress? Mr. President, on Russia, are you worried about the reports on the military build up along the borders towards Finland and Norway? And the secondly, sir, if I may. President Zelensky said today that he’s hoping for you to impose new sanctions on Russia. Are you considering that? Thanks, Mr. President. What companies have asked to be involved in building this system? And have you decided on who will be building it?.

General Guetlein: but General Guetlein is the perfect person again to sort all that out because he understands how it has to work together ultimately.

Secretary Hegseth: Yes, sir. I mean, like I said, without your vision willing to say and do things when other people wanted to look away and pretend like the threat didn’t exist, or be focused on foreign adventurism, some other threat that we’ve been told is affecting us. When you looked at the data, sir, from Russia to the Communist Chinese and other, their capabilities, what they’re trying to do to supersede us and threaten us, how do we find the best innovators, the best military leaders, the best companies, tech companies, you mentioned open architecture, that’s exactly right. So multiple companies can pour into this, sir. It’s a layered defense. So if you miss out one, you catch at the next, and it integrates existing technologies that can speak to each other. So it moves quickly while also investing in further ranging space-based interceptors. So our enemies, our adversaries are going to pay a lot of attention to this. Just like they have to President Trump from day one, sir. You’re defending the homeland, defending the American people. It’s going to benefit my kids, grandkids, all of ours in this room. So thank you for your leadership.

Source(s)
https://www.youtube.com/watch?v=HnwhfL35z6I