Carpenter Technology Corporation (CRS - Free Report) , in collaboration with BMT Aerospace, has announced the development of an additively manufactured (AM) aerospace pinion, using Carpenter Technology’s Custom 465 Stainless.
Based in Belgium, BMT Aerospace, along with its subsidiary BMT Additive, initiated the project in affiliation with Carpenter Technology to produce a redesigned pinion. Notably, the redesign project will enable the benefits of additive manufacturing using high-quality, printable material that would meet the performance expectations for the application.
The collaboration between the companies has resulted in a simplified and improved manufacturing process for the aerospace part through AM, opening up opportunities for expansion of AM production across multiple applications. Carpenter Technology’s business unit, Carpenter Additive, printed aerospace parts by using high-strength Custom 465 Stainless. The validation, design and post-processing for the redesigned pinion has been done by BMT Aerospace.
Moreover, BMT Aerospace’s expertise in design and manufacturing in aerospace and custom design for metal additive manufacturing supports Carpenter Technology’s know-how in high-quality and innovative products.
Shares of Carpenter Technology have declined 22.5%, over the past year, compared to the industry's loss of 18.9%.
Sales to the Aerospace and Defense end-use market continue to be strong, reflecting the impact of a robust product mix for materials utilized in aerospace engine applications and solid demand for defense applications driven by specific programs. The Medical end-use market continues to grow through expanded relationships with leading industry OEMs which increasingly recognize the value of the company’s high-end solutions. The company continues to benefit from encouraging market conditions within the orthopedic and cardiology sub-markets.
Sales to the Energy end-use market have also been increasing, aided by strong oil and gas markets, and improved demand for power generation applications.
Carpenter Technology remains focused on continued execution of its commercial strategy. Through the ongoing implementation of the Carpenter Operating Model, the company has unlocked incremental capacity via efficiency and productivity improvements across its businesses. The company also continues to focus on expanding its leadership position in additive manufacturing and soft magnetics to further expand core capabilities.
Carpenter Technology Corporation Price and Consensus