The Biden administration will offer nearly $500 million dollars to hundreds of aircraft manufacturing companies, the Department of Transportation announced Monday.
The $482.3 million in funding will be awarded to 313 U.S. companies based in 37 states and Puerto Rico, according to the Department of Transportation. These funds are part of the Aviation Manufacturing Jobs Protection Program established in Democrats’ $1.9 trillion coronavirus stimulus package that President Joe Biden signed into law in March.
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