Aerospace Group:

Business/Financial

DoD Strategic Capital Office To Loan $700 Million To U.S. Supply Of Rare Earth Elements

By Cal Biesecker

Friday, November 21st, 2025

SHARE:

DoD Strategic Capital Office To Loan $700 Million To U.S. Supply Of Rare Earth Elements

ReElement Technologies purification and separation column. Photo: ReElement

The Defense Department’s Office of Strategic Capital (OSC) last Friday said it is loaning $700 million to two U.S. companies to increase domestic production of rare earth magnets used in defense and commercial applications. Vulcan Elements will receive $620 million and ReElement Technologies $80 million in conditional loans for the separation, metallization and magnet manufacturing related to Neodymium Iron Boron (NdFeB). The companies will use the loans to increase their manufacturing and processing capabilities, producing a combined 10,000 metric tons…

Space

Upgrading Current GPS Ground System “Now a Viable Option,” As GPS OCX Problems Continue, Space Official Says

Upgrades to the GPS ground system–the Architecture Evolution Plan (AEP)–is an option under consideration by the Defense Department’s space acquisition chief, as problems continue in fielding the GPS Next Generation […]

Congress

Graham Says GOP To Move Ahead On Second Reconciliation Bill, With Defense Funds As Priority

Senate Budget Committee Chair Lindsey Graham (R-S.C.) said Wednesday, with the White House’s backing, his panel will move “expeditiously” on crafting a second reconciliation bill, citing priorities for defense and […]

Pentagon

Hegseth Acknowledges Potential $200 Billion Iran Supplemental Request, Final Figure ‘Could Move’

Defense Secretary Pete Hegseth on Thursday acknowledged the Pentagon could potentially ask Congress for $200 billion in supplemental funding to support the ongoing operation against Iran and replenish munitions used […]

Congress

Counter-Drone Flyaway Kit Used In U.S. In Early Hours Of Iran Strikes, NORTHCOM Head Says

U.S. Northern Command (NORTHCOM) used a counter small unmanned aircraft system (sUAS) flyaway kit (FAK) in the early hours of the strikes against Iran on Feb. 28, according to Air […]