DoD Hands Out $84 Million in Recovery Funds for Small Drone Makers and a Space Firm

WASHINGTON — The U.S. Department of Defense announced Friday it is issuing $84.4 million in funding through the Defense Production Act to small unmanned technology, space and shipbuilding companies.

The money, divided among seven different companies, will be used to “sustain and strengthen essential domestic industrial base capabilities,” per a Pentagon announcement. “These actions will help to retain critical workforce capabilities throughout the disruption caused by COVID-19 and to restore some jobs lost because of the pandemic.”

Read more: https://www.defensenews.com/industry/2020/07/10/dod-hands-out-84-million-in-recovery-funds-for-small-unmanned-companies-space-firm/