# 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.

- Type: Investment
- Announced: 2019-12-03
- Where: Creston, Iowa, United States
- Value: $23.6M
- Status: announced
- Products: aluminum and magnesium sand castings
- Sectors: [Steel and Metal Products](https://endata.com/sectors/steel-metal-products.md)

## Companies

- [Wellman Dynamics Corp.](https://endata.com/companies/43698.md)
- [U.S. Army Contracting Command](https://endata.com/companies/36895.md) (investor)

## Sources

- [foundrymag.com](https://www.foundrymag.com/materials/article/21932117/dod-supporting-wellman-dynamics-modernization), 2019-12-03: "Our customers include many of the world’s leading producers of military and commercial helicopters, aircraft engines, and missile systems."

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.