Carpenter Part of Consortium to Test New Application
WYOMISSING, Pa.--(BUSINESS WIRE)--Sep. 5, 2012--
Carpenter Technology Corporation (NYSE:CRS) is participating in a
multi-year program to qualify CUSTOM 465® stainless steel for
landing gear components where ultra-high strength steel is used. This
program has recently passed a key development milestone that will lead
to the production of prototypes which are expected to undergo flight
testing sometime in 2014. Joining Carpenter in this development program
are Airbus, Messier-Bugatti-Dowty, and The Advanced Manufacturing
Research Center (AMRC) of the University of Sheffield.
The program is supported by the Technology Strategy Board (TSB) of the
British Government.
The development of a stainless steel landing gear solution eliminates
the need for cadmium plating and the environmental issues associated
with the plating process. Overall production costs would be reduced,
time between service intervals would be increased, and the service life
of the landing gear would be extended with the use of CUSTOM 465®
stainless steel.
For more information about CUSTOM 465® or other alloys, visit
Carpenter’s website at www.cartech.com,
send an e-mail to service@cartech.com
or call (610) 208-2000 or (800) 654-6543.
About Carpenter Technology
Carpenter Technology, based in Wyomissing, PA, produces and distributes
specialty alloys, including stainless steels, titanium alloys and
superalloys, and various engineered products. Information about
Carpenter can be found at www.cartech.com.
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's filings with the Securities and Exchange
Commission including its annual report on Form 10-K for the year ended
June 30, 2012, and the exhibits attached to those filings. They
include, but are not limited to, statements regarding the development,
use and qualification of Custom 465® stainless
steel for landing gear components. Carpenter undertakes no
obligation to update or revise any forward-looking statements.
Source: Carpenter Technology Corporation
Carpenter Technology Corporation
Media Inquiries:
William J.
Rudolph, Jr., 610-208-3892
wrudolph@cartech.com
or
Investor
Inquiries:
Michael A. Hajost, 610-208-3476
mhajost@cartech.com