In order to reinvigorate its Warfighting capability, the United States will increase its titanium powder production.
The Department of Defense announced it has awarded a contract worth $12.7 million via the Defense Production Act Investment Program to IperionX Technology, LLC, to increase titanium powder production for defense supply chains.
"Robust and resilient defense supply chains are critical to the Warfighting capability of the United States," said Dr. Laura Taylor-Kale, Assistant Secretary of Defense for Industrial Base Policy. "Domestic titanium production is a top priority for the DoD's industrial base programs."
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June 05, 2026 16:18 ET A busy week for economic news flow saw a slew of reports being released that reflected the trends in the U.S. labor market. In Europe, economic growth and inflation data gained attention as the European Central Bank and Bank of England head for policy session later in the month. In Asia, the monetary policy session of the Indian central bank was in focus as the country, a major oil importer, reels under the pressures of a weaker rupee and rising inflation.