Ryan Secard on Muck Rack

Ryan Secard

Verified
Cleveland
As seen in: IndustryWeek, Plant Services, Study Breaks, EHS Today, Fleet Owner, T&D World, Vehicle Service Pros, American Machinist, Foundry Magazine
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Articles

Lockheed, GM Team to Expand Defense Supply Chain

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By Robert Brooks Verified, Ryan Secard Verified
| American Machinist Verified
Defense manufacturing giants Lockheed Martin Corp. and GM Defense LLC have struck a “memo of understanding” to seek ways to expand the U.S. defense industrial base and accelerate development and delivery of “critical capabilities,” drawing on Lockheed’s experience in the defense sector and GM’s capabilities in high-volume engineering and production. The two firms’ announcement of their MOU does not indicate their capital commitments or anticipated revenues, nor any production schedules.
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Nokia spending $30 million to expand Pennsylvania semiconductor operations

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By Ryan Secard Verified
| Plant Services Verified
Nokia Corp. announced June 16 it would spend $30 million to expand operations at its semiconductor advanced test and packaging (ATP) factory in Allentown, Pennsylvania. The ATP site helps Nokia produce photonic computer chips for use in AI data centers and telecommunications infrastructure.
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DoD invests $500 million in Phoenix Tailings for rare earth metals expansion

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By Ryan Secard Verified
| Plant Services Verified
The Defense Department announced June 16 that its Office of Strategic Capital would loan Phoenix Tailings, Inc., $500 million in support of the minerals processing company’s expansion, which includes a new rare earth processing factory. According to a Department statement, the $500 million in federal money adds to more money from private investors to total $1 billion for the company’s expansion.
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