Barack Obama announced the project of the Military. We don't know if 100% accurate because it is classified information. Yes, he did say they are working on the Iron Man suit for the Military.

http://edition.cnn.com/video/?/video/politics/2014/02/25/sot-obama-were-building-iron-man.cnn&video_referrer=https%3A%2F%2Fwww.google.com.ph%2F