New alloys for the aerospace industry are being developed

Carpenter Technologies says it is currently working with major aerospace manufacturers to secure supplies of a new corrosion-resistant, high-strength stainless steel alloy for use in the chassis. The alloy must combine the properties of several existing ones to form a new aerospace alloy CarTech 565 that could replace Carpenter's CarTech 300M steel alloy currently used for chassis, structural components and drive shafts.

President Carpenter said that “the potential of CarTech 565 will be the aerospace industry's primary choice for specific parts. Our CarTech 465 alloy has been used in aircraft structures for more than 15 years, and our goal is to provide better properties and a stronger alloy that also meets the aerospace industry's anti-corrosion requirements. Testing is expected to take about 18 months. "

Carpenter Corporation also announced that its new Alabama facility has received approval from leading European aerospace engine manufacturers for a high-temperature nickel-based alloy used to make aerospace engine rings. Operations will begin under an agreement with United Technologies Corporation (UTC). According to which, UTC's aerospace division intends to acquire nickel refractory billets, stainless steel bars and coated strip from Carpenter Corporation within ten years.

The opening of Carpenter's technologically advanced and energy-efficient manufacturing facility in Alabama, adjacent to the Heavy Duty Powder Coating facility, has secured orders for the company to supply ultra-premium aerospace products. Through this agreement, Carpenter will be able to expand its presence as a key supplier in the rapidly growing aerospace market. This year, Carpenter announced a restructuring plan that includes the elimination of 200 jobs across the company. The restructuring and downsizing of the workforce will save $ 30 million annually, according to the company’s investor statement.