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This Article is From Apr 12, 2020

Pentagon Bankrolls N95 Mask Production With Production Act Funds

(Bloomberg) --

The Pentagon will award $133 million in contracts using funds allowed under the Defense Production Act for production of N95 masks needed by heath care workers and other first responders, a spokesman said.

The funding, to be awarded as early as next week, marks the first use of the Korean Ware-era DPA authorities that allow for targeted investments for critical capabilities. Delivery would be within 90 days.

“The increased production will ensure the U.S. Government gets dedicated long term industrial capacity,” Pentagon spokesman Lt. Col. Michael Andrews said in statement. “Additional details, including the names of the companies, will be provided in the coming days when the contract is awarded,” he said.

©2020 Bloomberg L.P.

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