Materion Corporation Announces Supply Contract With Lockheed Martin For Proprietary AlBeCast® Aluminum-Beryllium Investment Castings For F-35 Lightning II Airborne Optical Components
Materion Brush Beryllium & Composites, a Materion Corporation (NYSE: MTRN) business, announced today it has received a supply contract from Lockheed Martin for proprietary AlBeCast® aluminum-beryllium investment cast components for the F-35 Lightning II’s Electro-Optical Targeting System (EOTS). Terms were not disclosed.
Materion, which announced recently it was in qualification with Lockheed Martin for the EOTS components, is the current supplier of AlBeMet®, an aluminum-beryllium composite alloy, for EOTS. Aluminum-beryllium materials and castings provide favorable cost/benefit advantages for technically demanding customers requiring a combination of ultra-light weight, stiffness, mechanical stability and thermal properties.
According to Lawrence Ryczek, Vice President and General Manager, Brush Beryllium & Composites, “We have made a significant investment in advancing our casting technology, and this contract adds to our growing number of sales orders in the defense and semiconductor markets.”
The AlBeCast casting investment follows the installation and ongoing ramp-up of the primary beryllium production facility at Materion’s Elmore, Ohio, operation undertaken through an innovative private-public partnership between the Company and the U.S. Department of Defense. This primary production capability supports the beryllium product lines for defense as well as critical civilian needs. Materion is the world’s only mine-to-mill fully integrated beryllium producer.Materion Corporation is headquartered in Mayfield Heights, Ohio. The Company, through its wholly owned subsidiaries, supplies highly engineered advanced materials to global markets. Products include precious and non-precious specialty metals, inorganic chemicals and powders, specialty coatings, specialty engineered beryllium alloys, beryllium and beryllium composites, and engineered clad and plated metal systems.
Select the service that is right for you!COMPARE ALL SERVICES
- $2.5+ million portfolio
- Large-cap and dividend focus
- Intraday trade alerts from Cramer
- Weekly roundups
Access the tool that DOMINATES the Russell 2000 and the S&P 500.
- Buy, hold, or sell recommendations for over 4,300 stocks
- Unlimited research reports on your favorite stocks
- A custom stock screener
- Upgrade/downgrade alerts
- Diversified model portfolio of dividend stocks
- Alerts when market news affect the portfolio
- Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
- Real Money + Doug Kass Plus 15 more Wall Street Pros
- Intraday commentary & news
- Ultra-actionable trading ideas
- 100+ monthly options trading ideas
- Actionable options commentary & news
- Real-time trading community
- Options TV