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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

Senate’s CR Has Ship Construction Exemption, Forgoes White House’s Battleship, Munitions Requests

The Senate on Sunday released a bipartisan stopgap funding proposal to keep the government open through December 11, which would also secure additional funds to support ongoing shipbuilding efforts and […]

Congress

U.S. Fighter Fleet Will Expand By 2040 But More Stealth Aircraft Will Mean Less Availability, CBO Says

The number of fighter aircraft in the U.S. military inventory will decline over the next few years before expanding to a greater number than currently, but their availability for operational […]

Congress

White House Details ‘Concerns’ With Shipbuilding, Spaced-Based Interceptor Oversight In House’s NDAA

The White House has detailed “a number of concerns” with the newly-passed House version of the next defense policy bill, to include the legislation’s limits on procuring Navy ships built […]

Congress

House Narrowly Votes To Pass $1.15 Trillion FY ‘27 NDAA, Blueprint For Reconciliation 3.0

The House on Wednesday narrowly voted to pass its $1.15 trillion version of the fiscal year 2027 National Defense Authorization Act (NDAA) and a blueprint for a third reconciliation bill […]