GTP receives $4.2 million funding to support US industrial base
January 16, 2020
Global Tungsten & Powders (GTP), Towanda, Pennsylvania, USA, has received funding for the further development and manufacturing of high-performance tungsten heavy alloys. The Industrial Base Analysis and Sustainment (IBAS) programme within the Department of Defense (DoD) provides funding to close gaps in defence manufacturing capabilities and create and sustain reliable sources that are critical to the DoD’s focus on readiness and lethality.
GTP manufactures critical tungsten-based components such as tungsten heavy alloys, kinetic energy penetrators, rocket nozzles, as well as billets and forgings for the defence and aerospace industry. With funding of $4.2 million available through 2021, the Department of Defense is supporting the US industrial base by strengthening its domestic supply chain for critical defence components.
Hermann Walser, GTP’s President & CEO, commented: “With this funding along with additional investment that GTP is making in support of the defense industry, GTP will be the only domestic manufacturer that is vertically integrated from powder through small to large calibre penetrators. We also appreciate the continued support of Congressman Fred Keller who is a strong advocate of GTP and the industrial base.”
GTP’s roots in the defence business date back to the early 1940s, when, as the Sylvania Electric Company, it produced proximity fuses for the Navy. Global Tungsten & Powders today employs 600 staff worldwide, with close to 500 based at its headquarters in Pennsylvania.