Carpenter also plans to build a superalloy powder facility which is expected to take approximately 18 months to construct at an estimated cost of US$20 million. Carpenter will supply Pratt & Whitney with superalloy powder for up to 20 years.
As well as this, UTC’s aerospace business units (Pratt & Whitney, Pratt & Whitney Canada Corp, UTC Aerospace Systems and Sikorsky Aircraft Corporation) have agreed to purchase alloy steel bar/billet, nickel superalloy billet, stainless bar/billet, and strip laminate products from Carpenter for a period of ten years. Carpenter currently supplies UTC’s aerospace businesses with a portion of their overall demand for nickel, stainless, and strip laminate products.
“We are pleased with UTC’s agreement that will expand our supply position,” said William A Wulfsohn, Carpenter’s president & CEO. “This agreement, which could potentially yield in excess of US$600 million in sales over the term of the agreement, reinforces our belief that the investment we are making to expand capacity with our Athens Operations (Alabama) is needed and will lead to increased customer sales.”
