Ralliant Corporation (NYSE: RAL) announced that its Pacific Scientific Energetics Materials Company subsidiary received $27.3 million in Defense Production Act Title III funding from the Department of Defense to expand production of universal Arm Fire Devices.

The funding will enable PacSci EMC to scale production capabilities for solid rocket motor programs. Arm Fire Devices serve as safety components in solid rocket motor applications.

"This funding builds on organic investment that Ralliant is making in PacSci EMC to expand production capacity," said Tami Newcombe, CEO of Ralliant. "The combination of our organic investment and public funding underscores a joint focus on addressing America and its allies' urgent need for high-performance rocket motor production."

The investment represents one of several recent Defense Production Act Title III investments aimed at addressing solid rocket motor supply chain shortfalls by increasing capacity and reducing manufacturing lead times for components. PacSci EMC plans to use the funding to modernize and improve manufacturing processes.

Ralliant operates as a provider of precision technologies through two reporting segments: Test & Measurement and Sensors & Safety Systems. The company is headquartered in Raleigh, North Carolina, and employs approximately 7,000 people globally.

The information is based on a company press release.