Tag Archives: shipbuilding

DoD Invests $84M in Seven Companies to Strengthen Industrial Base Capabilities

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The Department of Defense has signed $84.4M in agreements with seven companies under the Defense Production Act Title III to retain employees and strengthen domestic industrial base capabilities in small unmanned aerial systems, shipbuilding and space technology sectors during the COVID-19 pandemic.

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DoD Announces $187M in Agreements With Five Vendors to Sustain Domestic Industrial Base

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.

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DoD Signs $135M in Agreements to Help Five Contractors Strengthen Domestic Supply Chain

The Department of Defense has signed agreements worth $135M combined with five vendors under Defense Production Act Title 3 to help sustain critical workforce capabilities and broaden domestic production capacity during the COVID-19 pandemic. Those contracts were signed with Bethel Industries, General Electric’s (NYSE: GE) aviation subsidiary, Spirit AeroSystems, Steel America and Allied Systems.

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DoD to Use $688M in CARES Act Funds to Support Aircraft Propulsion, Shipbuilding Industries

The Department of Defense plans to use $688M in funds under the Coronavirus Aid, Relief and Economic Security Act to address the financial impacts of the COVID-19 pandemic on the defense industrial base and promote local job creation efforts, Defense News reported Tuesday.

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Ellen Lord: Pentagon Anticipates Three-Month Delay Across Major Acquisition Programs

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Ellen Lord, undersecretary for acquisition and sustainment at the Department of Defense and a 2020 Wash100 awardee, said DoD expects to see contract delays of up to three months across Major Defense Acquisition Programs as contractors deal with challenges in the supply chain due to the coronavirus pandemic, the Washington Business Journal reported Monday.

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