Boeing, Northrop Grumman Part Of White House-Backed Advanced Manufacturing Program

Boeing Co BA and Northrop Grumman Corporation NOC will join a White House-Backed Advanced Manufacturing Program to assist smaller American manufacturers in using 3D printing and other cutting-edge production technology more often, reported Reuters.
The program seeks to boost suppliers' use of additive manufacturing (AM).
The program, Additive Manufacturing Forward (AM Forward), is organized by the non-profit Applied Science & Technology Research Organization of America (ASTRO America).
"The supply chain crisis isn't just about building out ports. It's about building up parts – right here in America's small business factories," explained ASTRO America's CEO, Neal Orringer.
Boeing and Northrop Grumman aim to increase the number of small- and medium-sized suppliers competing over quote packages for products using additive manufacturing.
Boeing will also aim to provide technical assistance to fulfill certification standards and enhance its certified small and medium supplier capacity by 30%.
Price Action: BA shares trading lower by 0.77% at $170.6 and NOC lower by 0.20% at $484.53 during the premarket session on Wednesday.