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Pentagon

DoD Awards $35 Million To Support Construction Of Rare Earth Element Facility

By Cal Biesecker

Tuesday, February 22nd, 2022

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DoD Awards $35 Million To Support Construction Of Rare Earth Element Facility

The Defense Department on Tuesday awarded MP Materials Corp. [MP] a $35 million contract to support construction of a commercial scale processing facility for heavy rare earth elements (HREE) used in the manufacture of high-performance permanent magnets, part of the company’s plan to bring back a domestic supply chain for U.S. magnetics. “The primary applications for HREEs include permanent magnets used in products ranging from electric motors in electric vehicles, to the energy generators within wind turbines,” Deborah Rosenblum, acting…

Congress

HASC’s Wittman Sees ‘Challenging’ Push For $350B In Reconciliation Funds, Wants Sustained Defense Increase

NATIONAL HARBOR, Md.– Congress’ work to pass $350 billion in reconciliation funds to support the Trump administration’s push for a $1.5 trillion fiscal year 2027 defense topline is “going to […]

Army

Army Secretary Says “We Need To Over-Invest in FLRAA To Get It Online As Quickly As Possible”

Rep. Ken Calvert (R-Calif.), chairman of the House Appropriations Committee’s defense panel (HAC-D), said on Thursday that the Army’s budget plan beginning in fiscal 2027 has more than $2 billion […]

Congress

Pentagon Fiscal 2027 Budget To Address Cannibalization Of Parts For F-35, Legislator Says

The Pentagon’s upcoming fiscal 2027 budget request will help reduce the cannibalization of parts for the F-35 fighter by Lockheed Martin [LMT], the chairman of the House Armed Services Committee’s […]

Budget

Trump’s $1.15 Trillion Request For DoD Is The ‘New Normal,” HASC Chairman Says

COLORADO SPRINGS, Colo.—The Trump administration’s nearly $1.2 trillion baseline defense budget request for fiscal year 2027 will be adopted and will be the foundation for the “new normal” going forward, […]