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Biden Unveils US Plan To Invest Billions In R&D, Manufacturing; Raise Corporate Tax Rate

Biden Unveils US Plan To Invest Billions In R&D, Manufacturing; Raise Corporate Tax Rate
President Joe Biden. Photo: White House

President Biden on Wednesday was set to present a $2 trillion jobs plan for America that includes nearly $500 billion in proposed investments in spending on research and development and manufacturing, including for critical supply chain products, and also calls for increasing the corporate tax rate. The president’s spending plan is over eight years and the White House said the increase in the corporate tax rate to 28 percent from the current 21 percent, along with closing of various tax…

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Contract Updates

CORRECTION: The contract announced on Sept. 29 2025 (for A-GAS US Inc., Bowling Green) – $31,442,629

CORRECTION: The contract announced on Sept. 29, 2025, for A-GAS US Inc., Bowling Green, Ohio (SPE4A7-25-D-0386) for $31,442,629 was not awarded.  


UPDATE: Somo Lens LLC (Santa Fe Springs, California (SPE2DF-26-D-0004) – $37,500,000)

UPDATE: Somo Lens LLC,* Santa Fe Springs, California (SPE2DF-26-D-0004, $37,500,000) has been added as an awardee to the multiple award contract for optical lens program for the Defense Logistics Agency Electronic Catalog, issued against solicitation SPE2DE-24-R-0002 and awarded on May…


UPDATE: Hologic Sales and Service LLC (Marlborough, Massachusetts (SPE2D1-26-D-0005) – $95,000,000),

UPDATE: Hologic Sales and Service LLC, Marlborough, Massachusetts (SPE2D1-26-D-0005, $95,000,000), has been added as an awardee to the multiple award contract for medical equipment and accessories for the Defense Logistics Agency Electronic Catalog, issued against solicitation SPE2DH-21-R-0002 and awarded Feb.…


Vertex Aerospace LLC (Madison, Mississippi) – $

Vertex Aerospace LLC, Madison, Mississippi, was awarded an undefinitized contract action with a not-to-exceed price of $ 20,995,905 for F-16 Systems Program Office Foreign Military Sales (FMS) support. This contract action involves FMS support for contractor logistics support (CLS) for…