Carpenter Technology Advances Aerospace Industry’s Shift to Electric
June 18 2019 - 2:00AM
Carpenter Technology (NYSE: CRS) today announced its involvement
with multiple OEMs to progress their electric aircraft
aspirations. Carpenter Technology will provide advanced soft
magnetic expertise and ultra-efficient electrical components to be
used in R&D and demonstrator motors and engines, leading to
construction of lighter-weight, longer-lasting electric propulsion
systems. Alongside its partners, Carpenter Technology’s goal
is to enable development of the highest power density motors
available.
“As the industry leader in electric propulsion material
solutions, we are well positioned to support the development of
electric systems to power the aircraft of tomorrow,” says Marshall
Akins, Carpenter Technology’s Vice President, Aerospace Markets.
“Our long history and comprehensive knowledge of how to develop and
process these type of material solutions and then translate them
into finished components so they function successfully will
continue to be a key contributor to our customer’s success.”
Carpenter Technology’s portfolio covers a range of solutions
from maximizing magnetic performance to optimally balancing yield
stregnth and core loss in rotating components. Already a
leading industry producer of soft magnetic materials, Carpenter
Technology recently announced a $100M investment in a precision
strip mill to expand its soft magnetic capabilities to serve
aerospace and other industries looking to realize the benefits of
electric power. Paris Air Show attendees are invited to visit
Carpenter Technology’s booth, located at Hall 5, E232, to learn
more.
Media/Investor Inquiries
Carpenter Technology – Media Inquiries Heather
Beardsley +1 610-208-3892 hbeardsley@cartech.com
Carpenter Technology – Investor InquiriesBrad
EdwardsThe Plunkett Group+1
212-739-6740brad@theplunkettgroup.com
More information:
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 Technology has expanded its AM capabilities to provide a
complete “end-to-end” solution to accelerate materials innovation
and streamline parts production. More information about Carpenter
Technology can be found at www.carpentertechnology.com.
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