Author: Jane Edwards|| Date Published: February 2, 2024
The Department of Defense has awarded seven companies contracts worth $192.5 million combined to develop domestic capabilities to manufacture critical chemicals.
The awards made through the Defense Production Act Investments program are expected to build national capacity for such chemicals by the end of 2027 as part of efforts to reduce foreign dependence and strengthen U.S. supply chains, DOD said Thursday.
“These critical chemical investments show the National Defense Industrial Strategy in action to ensure resilient supply chains and promote economic deterrence,” said Laura Taylor-Kale, assistant secretary for industrial base policy at DOD.
“The awards will result in the domestic production of military grade chemicals by establishing, expanding, and modernizing the manufacturing capacity of 22 critical chemicals used in defense systems, including non-energetic chemicals and precursors for both energetic and non-energetic chemicals,” added Taylor-Kale.
Barium nitrate, potassium chlorate, magnesium, titanium powder, zirconium powder and strontium peroxide are some of the critical chemicals that will be produced by the companies in Colorado, Louisiana, Oregon, California and Ohio. These chemicals have potential commercial applications in pharmaceuticals, energy, consumer products, automotive and agriculture, among other market segments.
The awardees and the amount of their respective contracts are listed below:
AeroVironment has tapped Robert “Rob” Smith as executive vice president and chief operating officer. Smith’s appointment, which will become official April 13, underscores…
GreyNoise Intelligence has launched Command and Control Detection, a new intelligence module designed to identify active cyber compromises using outbound…
BigBear.ai has named Jo Ann Bjornson as chief human resources officer and Alex Thompson as chief corporate affairs officer. The new leadership appointments…
