Georgia-based Exide Technologies announced Tuesday it has received a $30.7 million cost-sharing federal grant as part of the Defense Production Act (DPA) Title III Program.
The grant is dedicated to advancing the production capabilities behind process design and manufacturing of storage batteries at the company's Fort Smith facility. The project will improve battery systems for U.S. Navy nuclear submarines.
“We need to maintain a strong national defense with the most advanced technologies and cutting edge tools,” U.S. Sen. John Boozman said in an Exide news release issued Tuesday. “Exide plays an important role in supporting our military and I am pleased that the Fort Smith facility is expanding to continue providing critical equipment to... [ MORE ]