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DoD Invests $77M in Three Companies to Strengthen Industrial Base Capabilities – ExecutiveBiz
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DoD Invests $77M in Three Companies to Strengthen Industrial Base Capabilities

Pentagon
Pentagon

The Department of Defense has signed $77.3M in agreements with eMagin, Meggitt‑Rockmart and Urban Mining Co. under the Defense Production Act Title III to retain employees and sustain domestic industrial base capabilities during the COVID-19 pandemic.

DoD said Friday eMagin secured a $33.6M agreement and will use it to retain personnel and expand the production of organic light-emitting diode microdisplays.

Urban Mining Co. will boost the production of Neodymium Iron Boron rare earth permanent magnets and maintain workforce capabilities under a $28.8M agreement with the department.

Meggitt‑Rockmart will use a $14.9M investment from DoD to boost production of fuel bladders for U.S. military aircraft.

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