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EaglePicher Technologies has secured a funding of $22 million under the Defense Production Act Title III Program ("DPA Title III") for the second phase of the Lithium-Ion Battery for Military Applications (LIMA) project.
5, 2014 /PRNewswire/ -- EaglePicher Technologies, LLC announced today that it has been awarded $22 million in funding under the Defense Production Act Title III Program ("DPA Title III") for Phase II of the Lithium-Ion Battery for Military Applications (LIMA) project.
Aerojet Rocketdyne, a GenCorp (NYSE: GY) company, said it was recently awarded a contract by Wright-Patterson Air Force Base through the Defense Production Act Title III Office for large-scale additive manufacturing development and demonstration.
Debt woes could cut DOD's budget for advanced biofuels The Department of Defense is a key market for advanced biofuels, but failure by the Joint Select Committee on Deficit Reduction to reach a compromise could lead to deep cuts in the department's budget and hamper its ability to procure advanced biofuels under the Defense Production Act, industry insiders say.
Congress also passed the Defense Production Act of 1950.
The Defense Production Act Title III provides funding for projects that speed the transition of new technologies from research and development to affordable production, and inserting those technologies into defense systems.
It is also seeking funds from the FY10 federal budget under the Defense Production Act.
As a result, Industrial Policy may not be receiving information to help it activate available tools, such as the authorities under the Defense Production Act, to mitigate supplier-base gaps.