Wellman Dynamics awarded $15.7 million DoD grant for plant modernization

Wellman Dynamics Corp., an aluminum and magnesium foundry in Creston, Iowa, received a $15.7 million Defense Production Act Title III award from the U.S. Army Contracting Command. The company must match with $7.9 million for a total $23.6 million package to fund plant modernization to address rising demand for sand castings for military and commercial helicopters.

“Our customers include many of the world’s leading producers of military and commercial helicopters, aircraft engines, and missile systems.”foundrymag.com

• 1 source
• foundrymag.comDoD Supporting Wellman Dynamics Modernization | Foundry Management & TechnologyDec 3, 2019

Summarized from public sources; check the original articles before acting on it.