The Biden administration on Monday announced a preliminary deal with BAE Systems, Inc., to provide $35 million in funding through the CHIPS and Science Act for the company’s defense projects, including its F-35 fighter jet program. The announcement is the first preliminary agreement to be struck through the CHIPS and Science Act, a bipartisan piece of legislation that President Biden signed into law last year. The money will be used to upgrade a chip factory in Nashua, N.H. Biden in a statement called it a “key milestone” in the implementation of the law. When finalized, the funding will be used by BAE Systems to “modernize an aging facility to quadruple its production capacity for
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