# DoD invests $31M in North American Forgemasters for naval forging production

The U.S. Department of Defense awarded a potential $31 million investment to North American Forgemasters under the Defense Production Act Title III to sustain production of metal forging products for the U.S. Navy and Naval Nuclear Propulsion Program.

- Type: Contract
- Announced: 2020-08-03
- Where: New Castle, Pennsylvania, United States
- Value: $31.0M
- Status: announced
- Products: iron and steel forgings, custom forged shapes, billet stock, preforms
- Sectors: [Steel and Metal Products](https://endata.com/sectors/steel-metal-products.md)

## Companies

- [North American Forgemasters](https://endata.com/companies/18943.md)
- [U.S. Department of Defense](https://endata.com/companies/4836.md) (customer)

## Sources

- [executivebiz.com](https://www.executivebiz.com/articles/dod-north-american-forgemasters-sign-naval-ship-forging-production-agreement), 2020-08-03: "North American Forgemasters has secured a potential $31M Department of Defense investment to sustain production of metal forging products for the U.S. Navy."

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