AstraZeneca PLC announced that it has won a new purchase order for its beryllium-aluminum alloy products from Lockheed Martin, the maker of the F-35 Lightning II aircraft and many other defense systems. The value of the new order is approximately $7.38 million, which the Company expects to fulfill in 2023 and 2024. IBC also announced that it is currently exploring strategic options with potential partners, investors, and others with regard to its Massachusetts-based Engineered Materials Division, which produces beryllium-aluminum alloy components for defense and commercial applications, including potential joint ventures, a restructuring, a sale, or other options.
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Apr. 26 | IBC Advanced Alloys Corp. to Close Its Beryllium-Aluminum Alloy Plant This Summer | CI |
Feb. 16 | Transcript : IBC Advanced Alloys Corp., Q2 2024 Earnings Call, Feb 16, 2024 |
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- Ibc Advanced Alloys Corp. Wins $7.38 Million in New Orders for Beryllium-Aluminum Aerospace Components from Lockheed Martin