Le Bourget, FRANCE, June 17, 2019 Carpenter Technology Corporation (NYSE: CRS) and Israel Aerospace Industries (IAI) today announced their collaboration to produce additively manufactured components for a serial production commercial aircraft. This collaboration will result in IAI’s first metallic additively-produced parts, which are expected to provide significant manufacturing benefits and lay the groundwork for future design improvements and enhancements. IAI is working closely with Israel’s Civil Aviation Authority for approval of the parts, which when accomplished will represent the first time this technology has been approved for commercial use in Israel. Carpenter Technology, through its Carpenter Additive business unit, is producing the parts and providing supporting information to assist with their approval.
“Together, Carpenter Additive and IAI are pioneering the use of this technology for new platforms and applications,” said Marshall Akins, Carpenter Technology’s Vice President, Aerospace Markets. “This collaboration speaks to the trust major aerospace entities like IAI have in Carpenter Additive’s capabilities, and to IAI’s forward leaning vision to rapidly realize the benefits of this technology.”
"We are pleased to see the fruits of our development efforts leading towards the certification of a flightworthy metallic additively manufactured part," says Zvi Genisher, VP & General Manager, Engineering & Development Division, IAI Aviation Group. "We look forward to strengthening our collaboration with Carpenter Additive."
Visitors to the International Paris Air Show can visit Carpenter Technology’s booth, which is located at Hall 5, E232, to learn more about additive manufacturing, or IAI’s chalet #208A.
Forward-Looking Statements
This news release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. These forward-looking statements are based on management’s current expectations and are subject to risks, uncertainties and other factors that could cause actual results to differ from those projected, anticipated or implied. The most significant of these uncertainties are described in Carpenter Technology's filings with the Securities and Exchange Commission, including its annual report on Form 10-K for the year ended June 30, 2018, Form 10-Q for the quarters ended September 30, 2018, December 31, 2018 and April 25, 2019, and the exhibits attached to those filings. Carpenter Technology undertakes no obligation to update or revise any forward-looking statements.
Source: Carpenter Technology Corporation