IBC wins US$9.7 million in new orders from Lockheed Martin

IBC Advanced Alloys Corp., a leading beryllium and copper advanced alloys company, has reported that Lockheed Martin has awarded IBC new purchase orders totaling approximately US$9.7 million to produce two aerospace-qualified beryllium-aluminum components for the F-35 Lightning II aircraft over the next 26 months.

One purchase order involves production of the azimuth gimbal housing unit used in the F-35’s Electro-Optical Targeting System (EOTS).  IBC has manufactured this part for Lockheed Martin since 2015 using the Company’s high-performance Beralcast^® beryllium-aluminum investment cast alloy.

In a new development, Lockheed Martin also awarded IBC an order to produce a second part for the F-35 – the gimbal mounting ring – which is also used in the EOTS.  IBC worked in close partnership with Lockheed Martin in developing a process for producing the ring using IBC’s innovative investment casting technology. 

The total value of the new purchase order is approximately US$9.7 million over 26 months, which represents a 24% increase over previous three-year purchase order from Lockheed Martin.