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Supplier · Germany

Vacuumschmelze

HQ Hanau, GermanyFounded 1923

German maker of magnets and magnetic materials; its US subsidiary e-VAC Magnetics is building an NdFeB magnet plant in Sumter, South Carolina.

Supplier
Website

Government awards & programs2 awards · $107M obligated · up to $107M ceiling

Awards received2

  • DPA Title III sintered NdFeB magnet facility (e-VAC Magnetics, cooperative agreement)
    Sep 19, 2023 · Cooperative agreement
    From U.S. Department of Defense
    Confirmed
    $94.1M
    Obligated · up to $94.1M ceiling
  • NdFeB magnet block acquisition
    Undated · Task order
    From Defense Logistics Agency
    Confirmed
    $12.9M
    Obligated · up to $12.9M ceiling

Obligated is what has been committed so far; ceiling is the most the award can reach. Joint values cover all recipients and are excluded from this company’s money totals.

Sources4

Profile1

  1. 1
    CompanyHistory

    Vacuumschmelze · Supports Organization · founded year

    “VACUUMSCHMELZE was founded ten years after Dr Wilhelm Rohn's pioneering idea, on 1 July 1923.”

Government3

  1. 2
    Government recordDepartment of Defense Enters an Agreement to Expand Domestic Manufacturing to Strengthen U.S. Supply Chains for Rare Earth Magnets

    U.S. Department of Defense · Sep 19, 2023 · Supports Government award, Organization

    “The agreement will provide $94.1 million to E-VAC to acquire and install manufacturing equipment”
  2. 3
    Government recordUSAspending award FA86502325513 (E-VAC MAGNETICS LLC)

    USAspending.gov · Supports Government award · obligated amount

    “Recipient: E-VAC MAGNETICS LLC; Total obligation: $94,072,300.00; Non-federal funding: $31,357,434.00; Type: COOPERATIVE AGREEMENT (B)”
  3. 4
    Government recordAward SP800026F0027

    USAspending.gov · Supports Government award, Government award · obligated amount

    “Award Amount: 12,895,550.00; Awarding Sub Agency: Defense Logistics Agency; Description: NDFEB MAGNET BLOCK ACQUISITION”

Each fact on this page is attached to the sources that support it. Archived copies are linked when we keep one.