Metals projects get boost as Senate passes defense bill

Dec 22, 2009 | 07:41 AM | Martyn Chase

Santa Claus arrived a few days early for metals-related companies, which found their stockings stuffed with goodies in the massive $626-billion defense spending bill passed by the Senate over the weekend.

Projects in the measure include $10 million for the Air Force's Metals Affordability Initiative; $10-million for Latrobe Specialty Steel Co., Latrobe, Pa., to boost domestic production of vacuum-melting furnace capacity; $3.2 million for the Army's Tank Automotive Research, Development and Engineering Center (Tardec) and its related Automotive Center in Warren, Mich.; and $800,000 to develop new casting technology at Wright-Patterson Air Force Base in Ohio.....

Latest Pricing Trends


Are you stocking more inventory today than 18 months ago?


View previous results