Carpenter Technology Corporation has finalized the completion of a formal supply agreement that will provide Rolls-Royce with advanced technology materials used in the manufacture of jet engine components.
The materials will be used on current and future Rolls-Royce engine platforms, in applications including rings, blades, vanes, and airfoils. Demand for the material will be generated by Rolls-Royce in the UK and the US, and its global suppliers. Materials in support of this program will be manufactured at Carpenter’s Reading, PA and Athens, AL specialty steelmaking facilities.
The five-year agreement runs through 2017 and is valued at approximately $75 million.
“We are very excited about formalizing our new strategic relationship with Rolls-Royce,” said William A. Wulfsohn, President & CEO of Carpenter Technology. “It is our belief that this agreement, and future agreements, will serve the strategic interests of both companies.”