Author: Jane Edwards|| Date Published: June 22, 2020
The Department of Defense has signed agreements worth $187M combined with five companies under the Defense Production Act Title III to help sustain domestic production capabilities and critical workforce during the COVID-19 pandemic.
DoD said Friday the contracts were awarded to Austal’s U.S. arm, General Electric’s (NYSE: GE) aviation business, W International, Weber Metals and American Woolen.
Austal USA will maintain and expand domestic shipbuilding and maintenance capacity under a $50M agreement with the Pentagon.
GE Aviation received a $55M investment from DoD to sustain the production of engine components used on F-16 and U-2 aircraft and retain more than 225 jobs.
W International will help strengthen the shipbuilding industrial base and protect jobs under a $55M contract with the department.
Weber Metals secured a $25M agreement from DoD to retain employees and sustain manufacturing capacity for die forging used in various weapon systems.
American Woolen will help the Pentagon sustain the production of poly/wool blend fabric used in Army uniforms under a $2M contract.
Lockheed Martin has received a $249 million indefinite-delivery/indefinite-quantity contract from the U.S. Navy to support the Surface Electronic Warfare Improvement Program,…
Qualis, InTrack Radar Technologies and Tektonux have merged to form a single company focused on modernizing missile defense, space domain awareness, integrated fires…