New Hampshire plant first to get CHIPS law funding

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...