Carpenter Technology and Israel Aerospace Industries Announce Collaboration to Produce Commercial Aircraft Additive Parts
June 17 2019 - 8:00AM
Carpenter Technology Corporation (NYSE: CRS) and Israel Aerospace
Industries (IAI) today announced their collaboration to produce
additively manufactured components for a serial production
commercial aircraft. This collaboration will result in IAI’s
first metallic additively-produced parts, which are expected to
provide significant manufacturing benefits and lay the groundwork
for future design improvements and enhancements. IAI is
working closely with Israel’s Civil Aviation Authority for approval
of the parts, which when accomplished will represent the first time
this technology has been approved for commercial use in
Israel. Carpenter Technology, through its Carpenter Additive
business unit, is producing the parts and providing supporting
information to assist with their approval.
“Together, Carpenter Additive and IAI are pioneering the use of
this technology for new platforms and applications,” said Marshall
Akins, Carpenter Technology’s Vice President, Aerospace
Markets. “This collaboration speaks to the trust major
aerospace entities like IAI have in Carpenter Additive’s
capabilities, and to IAI’s forward leaning vision to rapidly
realize the benefits of this technology.”
"We are pleased to see the fruits of our development efforts
leading towards the certification of a flightworthy metallic
additively manufactured part," says Zvi Genisher, VP & General
Manager, Engineering & Development Division, IAI Aviation
Group. "We look forward to strengthening our collaboration with
Carpenter Additive."
Visitors to the International Paris Air Show can visit Carpenter
Technology’s booth, which is located at Hall 5, E232, to learn more
about additive manufacturing, or IAI’s chalet #208A.
Media/Investor Inquiries
Carpenter Technology – Media Inquiries Heather
Beardsley +1 610-208-2278 hbeardsley@cartech.com
Carpenter Technology – Investor InquiriesBrad
EdwardsThe Plunkett Group+1
212-739-6740brad@theplunkettgroup.com
Israel Aerospace IndustriesLital Ben
Ari+972-50-4697037Lbenari@iai.co.il
About Carpenter Technology Corporation
Carpenter Technology Corporation is a recognized leader in
high-performance specialty alloy-based materials and process
solutions for critical applications in the aerospace, defense,
transportation, energy, industrial, medical, and consumer
electronics markets. Founded in 1889, Carpenter Technology has
evolved to become a pioneer in premium specialty alloys, including
titanium, nickel, and cobalt, as well as alloys specifically
engineered for additive manufacturing (AM) processes and soft
magnetics applications. Carpenter Additive, a business unit of
Carpenter Technology, provides a complete “end-to-end” additive
manufacturing solution to accelerate materials innovation and
streamline parts production. More information about Carpenter
Technology can be found at www.carpentertechnology.com or
www.carpenteradditive.com.
About Israel Aerospace Industries
IAI Ltd. is Israel’s largest aerospace and defense company and a
globally recognized technology and innovation leader, specializing
in developing and manufacturing advanced, state-of-the-art systems
for air, space, sea, land, cyber and homeland security. Since 1953,
the company has provided advanced technology solutions to
government and commercial customers worldwide including:
satellites, missiles, weapon systems and munitions, unmanned and
robotic systems, radars, C4ISR and more. IAI also designs and
manufactures business jets and aerostructures, performs overhaul
and maintenance on commercial aircraft and converts passenger
aircraft to refueling and cargo configurations. More information
about IAI can be found at www.iai.co.il
Forward-Looking Statements
This news release contains forward-looking statements within the
meaning of the Private Securities Litigation Reform Act of 1995.
These forward-looking statements are based on management’s current
expectations and are subject to risks, uncertainties and other
factors that could cause actual results to differ from those
projected, anticipated or implied. The most significant of these
uncertainties are described in Carpenter Technology's filings with
the Securities and Exchange Commission, including its annual
report on Form 10-K for the year ended June 30, 2018, Form
10-Q for the quarters ended September 30, 2018, December 31, 2018
and April 25, 2019, and the exhibits attached to those filings.
Carpenter Technology undertakes no obligation to update or
revise any forward-looking statements.
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