What Happened
Amaero Secures Defense Contract for Critical Submarine Components
Amaero Inc. has been awarded a $344,000 production contract by Bechtel Plant Machinery, Inc. to produce piping in support of critical submarine industrial base needs. The contract is a result of Amaero’s close collaboration with BPMI and the U.S. Navy over the past two years. The U.S. Navy has recently announced support for powder metallurgy-hot isostatic pressing as a mature manufacturing technology, which Amaero has established a market leadership position in. This announcement was first reported by GlobeNewswire.