Espey Mfg. & Electronics Corp. announces funding award for capital improvements

Core Insights - Espey Mfg. & Electronics Corp. has been awarded $3.4 million for capital improvements to enhance its domestic industrial capabilities as part of a U.S. Navy initiative [2] - This funding follows a previous award of $7.4 million received in February 2023 for the construction of a new manufacturing facility and upgrades to facility power infrastructure [3] - The investments reflect the U.S. Government's commitment to strengthening critical domestic manufacturing capabilities, with project completion expected in 2026 [3] Company Overview - Espey specializes in the development, design, and production of military and industrial power supplies, power systems, and transformers [4]