Recently, Carpenter Technology Corporation (CRS - Free Report) announced the development of an advanced jet engine gear solution — Pyrowear 225 alloy — primarily for high-performance applications.
Carpenter Technology’s Pyrowear 225 alloy offers higher strength with temperature improvement. This solution will enable next-generation engines to realize further improvements in fuel efficiency, by allowing operation at higher temperatures with reduced weight.
The inclusion of Pyrowear 225 alloy into Carpenter Technology’s industry-leading solution will support customers to enhance space availability, save weight and extend endurance limits when designing for critical components.
The solution builds on Carpenter Technology’s Pyrowear gear solutions portfolio. Pyrowear 225 alloy achieves ultimate strength of 225 KSI, which signifies a higher improvement in strength compared to other low-alloy solutions.
Shares of Carpenter Technology have declined 20.2%, over the past year, compared to the industry's loss of 16.7%.
Also, lately, Carpenter Technology, in collaboration with BMT Aerospace, announced the development of an additively manufactured (AM) aerospace pinion, using Carpenter Technology’s Custom 465 Stainless. The collaboration between these 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.
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 conditions in 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 the continued execution of its commercial strategy. Through the 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 boost core capabilities.
Carpenter Technology Corporation Price and Consensus