Generating gravity fields through magnetic fields? Uh-huh.
I hope the DoD folks aren't dumb enough to take this seriously.
Actually, that's not so far-fetched as it might sound.
There are no actual gravity fields according to general theory of relativity. There are only energy and its interaction with space-time continuum. A lot of energy confined into one place curves the space-time regardless of its form (though relativistic energy forms such as kinetic energy naturally don't add to gravitational interactions, when you count every koordinate conversion into the equations, but that's getting technical...)
The point is that every form of energy curves the space-time continuum. Mass has energy according to famous equation E=mc^2... electric and magnetic fields have energy, thus they curve the space-time around them.
The trouble is, however, that for creating a magnetic field that would have equal energy to one gram of matter is utterly impossible for today's technology. If we want to create a similar effect, magnetic field should also be confined to equal volume as the mass is. For example, if we have a cube of iron that has a mass of 1 g (0,001 kg), it would be quite small in size, eh? However, it has equal energy to 89 875 517 873 681,764 Joules. That's a lot of energy... almost 90 TV. Converted to kWh, it is 24965421,63 kWh. That's the minimum energy input to create a magnetic field that has similar gravitational effects as one gram of matter. Naturally, confining this much energy in form of magnetic field into such a small space as the one manned by that one gram iron scrap would also be *quite* difficult, and my guess is that instead of working as planned, such energy density would cease to be a magnetic field and become something else, proposedly particles - which would bring us to starting point.
Damn, the cost of electricity needed to power up one-gram equivalent magnetic field is 943 693 € here in Helsinki. That is, if all electrical energy used would be converted to magnetic field without energy losses (which cannot be the case, actually...).
Needless to say, it's completely useless to create mass effects by magnetic field. For it to have any significant gravitational meaning it would require much greater mass equivalence than one gram, hence it would need literally astronomical amounts of energy output.