IBC Advanced Alloys, a leading beryllium and copper advanced alloys company, has won a new purchase order for its beryllium-aluminium alloy products from Lockheed Martin, the maker of the F-35 Lightning II aircraft and many other defence systems.
The value of the new order is approximately US$7.38 million (£6.15 million) and the company expects to fulfil the order in 2023 and 2024.
“This is an important order for IBC and our team looks forward to delivering strategic alloy products to help Lockheed and the U.S. Department of Defense meet global national defence mission objectives,” said Mark Smith, IBC’s CEO and Chairman.
The company 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-aluminium alloy components for defence and commercial applications, including potential joint ventures, a restructuring, a sale, or other options.
IBC is serving a variety of industries such as defence, aerospace, automotive, telecommunications, precision manufacturing, and others. IBC’s Copper Division manufactures and distributes a variety of copper alloys as castings and forgings, including beryllium copper, chrome copper, and aluminium bronze. IBC’s Engineered Materials Division makes the Beralcast® family of alloys, which can be precision cast and are used in an increasing number of defence, aerospace and other systems, including the F-35 Joint Strike Fighter. IBC’s has production facilities in Indiana and Massachusetts.
