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Pentagon awarding contract to boost N95 mask production capacity by 39 million [Yahoo! Finance News]

General Motors Company (GM) 
Last general motors company earnings: 2/5 08:05 am Check Earnings Report
US:NYSE Investor Relations: gm.com/investors/index.html
By David ShepardsonWASHINGTON, April 11 ) - The Pentagon said Saturday it is using its authority under the Defense Production Act to boost the supply of N95 masks, which are essential for protecting healthcare professionals from the coronavirus and are in short supply in many places.The American military will spend $133 million to increase U.S. domestic N95 mask production by over 39 million over the next 90 days, Lieutenant Colonel Mike Andrews said in a statement.This is the first time the Pentagon is using the Korean War-era law to address coronavirus needs after it won approval late Friday from a White House task force.The Defense Production Act, approved in 1950, grants the president the power to expand industrial production of key materials or products for national security and other reasons.Andrews said the Pentagon in coming days will identify the companies involved when the contract is awarded.Earlier this week, 3M and the White House announced a plan https://bit.ly/3dLDUfT t Show less Read more
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