Department of Defense Enters an Agreement to Expand Domestic ...

The Office of the Assistant Secretary of Defense for Industrial Base Policy has awarded $94.1 million to E-VAC Magnetics to establish a domestic rare earth permanent magnet manufacturing capability. E-VAC, part of the VAC Group, will use the funds to acquire and install manufacturing equipment and establish production lines. These magnets are essential components in defense systems like the F-35 and UAVs. The goal is to establish a domestic rare earth supply chain.

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Department of Defense Enters an Agreement to Expand Domestic Operations

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