Metals eyes Defense spending windfall

Sep 21, 2009 | 11:53 AM | Martyn Chase

Metals and related companies stand to receive a significant boost from the $636-billion Defense appropriations bill that has cleared the Senate Appropriations Committee and now goes to the full Senate for final approval.

Much of the money is aimed at big-ticket procurement items such as Abrams M-1 tanks, Bradley fighting vehicles, mine resistant ambush protected (MRAP) vehicles and a range of U.S. Army tactical vehicles being developed by the Army's Tank Automotive, Research, Development and Engineering Center (Tardec) in Warren, Mich.

The spending bill contains $250 million for Army research and development on advanced military vehicle technologies, including work to protect Army vehicles against rocket-propelled grenades, improvised explosive devices and projectiles, plus advanced materials for combat and tactical vehicle armor. Some of these programs involve more use of steel plate.....




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