5N Plus (TSE:VNP) has released an update.
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5N Plus Inc., a leader in specialty semiconductors and performance materials, has secured a substantial $14.4 million contract from the U.S. Department of Defense to produce space-grade materials for solar cells at its Utah facility. This investment underlines the company’s reputation as a trusted provider for critical aerospace and defense applications. The funding will boost 5N Plus’s production capabilities over the next four years, reinforcing the domestic supply chain for defense and commercial satellites.
For further insights into TSE:VNP stock, check out TipRanks’ Stock Analysis page.