Pentagon says it will invest $77 million to bolster industrial base

摘要

The Pentagon said today it is investing $77.3 million in three different companies to "sustain and strengthen essential domestic industrial base capabilities and defense-critical workforce in the aviation, rare earth materials, and electronics industries." The investments were made through Title Ⅲ of the Defense Production Act, DOD said. The Pentagon said it entered into a $33.6 million agreement with Hopewell Junction, NJ-based eMagin Corp. to bolster the domestic electronics industrial base. The agreement is intended to "sustain and expand critical industrial base production of organic light-emitting diode (OLED) microdisplays capable of meeting high-performance requirements in resolution and brightness." eMagin will use the money to replace and update single-point-of-failure and aging equipment, which DOD said will reduce downtime and increase yield.