President Trump has signed memosfor federal funds to bolster the Department of Defense‘s munition supply chain, Defense News reported Wednesday.
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The funds would support American manufacturers of bomb components as part of a $250M investment under the Defense Production Act. The investment supports a bigger federal plan to address market weaknesses within the military’s supply.
“There will be many more of these to come to address gaps and vulnerabilities in the defense-industrial base,†Peter Navarro, director of the White House Office of Trade and Industrial Policy, told Defense News in an interview.
He added that the funds are intended to modernize manufacturing processes.
