What Happened
Aerospace Materials Supplier Expands Tungsten And Molybdenum Operations
Elmet Technologies has been awarded a $36 million contract by the Defense Logistics Agency (DLA) to supply high-performance molybdenum and tungsten alloys and precision wire for aerospace applications. The contract is separate from the DLA’s $2 billion tungsten stockpile agreement announced earlier. Elmet Technologies will supply DLA Strategic Materials with titanium-zirconium-molybdenum (TZM) alloy billets, bar stock, and ingots, as well as specialized molybdenum and tungsten wire. This news was first reported by Stocktwits.