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IPC Urges U.S. Congress to Pass Defense Spending Bill to Help Strengthen Electronics Ecosystem
August 5, 2024 | IPCEstimated reading time: Less than a minute
IPC applauds the U.S. Senate Appropriations Committee for its vote this week to advance the FY2025 Defense Appropriations Bill, which includes a $500 million increase over the President’s budget request for Defense Production Act investments, including $45 million for Printed Circuit Board investments.
The accompanying committee report encourages the Secretary of Defense to prioritize these investments and recommends additional future funding to continue closing the manufacturing gap for this critical technology.
IPC commends the committee leadership for their careful, bipartisan deliberations as they sought to understand the issue of electronics manufacturing in the defense supply chain. We encourage all Members of Congress and Senators to engage with any of the more than 1,400 electronics manufacturers across the United States during the August district work period to learn more about their contributions to national defense and critical infrastructure.
We urge passage of these key bills when Congress returns in the Fall.
Suggested Items
Boeing Offers CH-47 Chinook for Poland’s Heavy Transport Helicopter Needs
09/06/2024 | BoeingBoeing is offering the CH-47 Chinook heavy-lift helicopter to Poland. The announcement was made at the annual MSPO International Defence Industry Exhibition where Boeing is highlighting advanced defense systems, capabilities and services.
Teledyne Brown Engineering Secures $114M Contract to Enhance Missile Defense Systems
08/23/2024 | BUSINESS WIRETeledyne Brown Engineering, a subsidiary of Teledyne Technologies Incorporated (NYSE:TDY), proudly announces the award of a $114 million Task Order under the Design, Development, Demonstration, and Integration (D3I) Domain 1 contract by the U.S. Army Space and Missile Defense Command.
Wearable Devices Strengthens its Presence in the Defense Sector with New Sale to a Global Defense Company
08/20/2024 | GlobeNewswireWearable Devices Ltd. (the “Company” or “Wearable Devices”), a technology growth company specializing in artificial intelligence (“AI")-powered touchless sensing wearables, previously announced that a global defense company has purchased its state-of-the-art Mudra Development Kit (“MDK”) to evaluate certain deep-level capabilities. This purchase, announced on July 24, 2024, marks additional opportunities for Wearable Devices in the defense market, following its previous agreement with another defense sector leader.
A Less Expensive Defense and Aerospace PCB Fab Startup
08/20/2024 | Alex Stepinski, Stepinski GroupEditor’s note: Investing in a new printed circuit board fabrication startup is not for the faint of heart or the light of wallet. Standing up a new “high-tech” PCB fab facility capable of becoming qualified for aerospace and defense work typically takes a minimum investment of $50 million. However, Alex Stepinski says entering the defense and aerospace markets with a new PCB fabrication start-up facility far under this prohibitive cost benchmark is possible when good partnerships, innovation, and sound engineering design enter from the beginning. In this article, Alex Stepinski outlines just how this can be achieved.
NSPA awards RTX's Raytheon a $478 million Patriot GEM-T missile contract
08/06/2024 | RTXRaytheon, an RTX (NYSE: RTX) business, was awarded a $478 million contract from the NATO Support and Procurement Agency (NSPA) to supply additional GEM-T missiles to Germany. This contract supports the replenishment of Patriot missiles donated by Germany to Ukraine. Showing their strong support for Ukraine, Denmark, the Netherlands and Norway have agreed to participate in the financing of this procurement.