Amprius Technologies Receives $75 Million Federal Grant for Drone Battery Production
Amprius Technologies (AMPX) has received a federal grant of up to $75 million from the U.S. Department of Defense through its Industrial Base Analysis and Sustainment program. The funding is intended to support the conversion of an existing electric vehicle battery facility for drone battery production in the United States. This initiative aligns with broader efforts by the government to bolster domestic manufacturing capabilities, particularly within critical sectors like defense technology. By repurposing EV battery infrastructure for military use, Amprius aims to enhance U.S. strategic autonomy and reduce reliance on foreign supply chains. The grant highlights growing interest in advanced energy storage solutions tailored for national security applications.
Tickers: $AMPX