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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Political News
June 12, 2026 17:14 ET Major central bank action was the focus this week in economic news. The European Central Bank became the first major central bank to move in response to the rising inflationary pressures in the backdrop of the conflict in the Middle East. In North America, the U.S. inflation and trade data as well as Canada’s central bank decision gained attention. The Chinese trade data was the main news in Asia.