Boeing, Northrop Grumman Part Of White House-Backed Advanced Manufacturing Program

Boeing, Northrop Grumman Part Of White House-Backed Advanced Manufacturing Program
  • Boeing Co BA and Northrop Grumman Corporation NOC will join a White House-Backed Advanced Manufacturing Program to assist smaller American manufacturers in using 3D printing and other cutting-edge production technology more often, reported Reuters.
  • The program seeks to boost suppliers' use of additive manufacturing (AM).
  • The program, Additive Manufacturing Forward (AM Forward), is organized by the non-profit Applied Science & Technology Research Organization of America (ASTRO America).
  • "The supply chain crisis isn't just about building out ports. It's about building up parts – right here in America's small business factories," explained ASTRO America's CEO, Neal Orringer.
  • Boeing and Northrop Grumman aim to increase the number of small- and medium-sized suppliers competing over quote packages for products using additive manufacturing.
  • Boeing will also aim to provide technical assistance to fulfill certification standards and enhance its certified small and medium supplier capacity by 30%.
  • Price Action: BA shares trading lower by 0.77% at $170.6 and NOC lower by 0.20% at $484.53 during the premarket session on Wednesday.

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