:

Business/Financial

DoD Adds To Equity Stake In Alumina Refiner, Makes Equity Investment In Metals Company

By Cal Biesecker

Friday, August 28th, 2026

SHARE:

DoD Adds To Equity Stake In Alumina Refiner, Makes Equity Investment In Metals Company

Smelter Grade Alumina refined by Atalco. Photo: Atalco

The Defense Department last Friday said it has upped its equity investment in Atlantic Alumina Company LLC (Atalco) by $100 million, bringing total investment by the department to $400 million, to bolster the only remaining domestic alumina refinery, which is in Louisiana. The government’s investments have attracted $350 million in funding from Atalco’s current backers and another $50 million is expected within 75 days, DoD said. The government and private investments will allow Atalco to maintain production, stave off foreign…

Congress

Key Defense Committee Members Face Tight Midterm Races, Including HASC GOP’ers In Virginia

As the mid-term elections near with polls showing an increasing likelihood of a switch in majority control in the House and potentially the Senate, three Virginia Republicans on the House […]

‘Theoretical Potential’ to Achieve 1,509 Combat-Coded Fighters by 2035, USAF Says

In the latest U.S. Air Force fighter force structure report submitted to Congress, the service speaks of a “theoretical potential” to achieve a goal of 1,509 combat-coded fighters in the […]

Budget

Hegseth Pushes For Reconciliation With At Least $350 Billion For Defense ‘Regardless’ Of Midterms Outcome

Defense Secretary Pete Hegseth said Wednesday the Trump administration plans to continue its push for at least $350 billion in defense funds via the reconciliation process “regardless of what happens […]

Congress

Bipartisan Push in Senate to Hasten Export of 155 mm, GMLRS, HIMARS for Ukraine

A small, bipartisan group of senators is backing the Fast Tracking European Investment in Ukraine’s Defense Act, S. 5175, to hasten the export of allied buys of U.S. munitions for […]