Pentagon strikes deal with North American Forgemasters

By Marjorie Censer / July 31, 2020 at 2:38 PM

The Defense Department said today it has entered into a $31 million agreement with New Castle, PA-based North American Forgemasters to "sustain and increase critical industrial base capability for domestic production of ultra-large iron and steel forging in support of the U.S. Navy and Naval Nuclear Propulsion Program."

DOD said the agreement is part of its response to the ongoing coronavirus pandemic and was made under Title III of the Defense Production Act.

"Using funds authorized and appropriated under the CARES Act, these Title III funds will enable North American Forgemasters to maintain and protect a skilled workforce during the disruption caused by COVID-19 while strengthening a vital domestic industrial capacity to produce ultralarge iron and steel forgings through infrastructure investments and development of specialized tooling," the Pentagon added.