6K Additive Secures $1.95 Million Contract to Strengthen US Defense Supply Chain
6K Additive Secures $1.95 Million from Defense Logistics Agency
In a significant move aimed at enhancing the United States defense infrastructure, 6K Additive, Inc. (ASX: 6KA) announces the awarding of a Phase II contract valued at $1.95 million. This contract, which spans 18 months, is part of efforts to mitigate the U.S. military's dependence on imported strategic metals, thereby reinforcing national security.
Background on Metal Dependence
The dependency of the U.S. defense industry on foreign sources for critical metals has raised concerns among national security experts. A report from Statista highlights that China dominates over 80% of global tungsten production, alongside the complete U.S. reliance on imports for niobium primarily sourced from Brazil and Canada. Similarly, titanium imports have been flagged as a national security risk according to the U.S. Department of Commerce.
Frank Roberts, CEO of 6K Additive, expressed the urgency of addressing this vulnerability, stating, "The U.S. Government has made it clear that to advance our defense readiness we cannot rely on geopolitically sensitive regions for materials essential to our most advanced weapon systems."
Enhancing Supply Chains Through Upcycling
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