US$3.7 mn order for aerospace coating

CVD Equipment Corporation has received an order to supply a production chemical vapor infiltration (CVI) system for around US$3.7 mn.

The system will be used to manufacture ceramic composite materials (CMCs) for aerospace gas turbine engines, the company said.

According to the company, although gas turbine engine production was greatly impacted due to the Covid-19 pandemic and the resulting decline in long haul travel, the aerospace industry is showing signs of recovery, although CVD does not expect a recovery to pre-pandemic levels until later in 2023.

“We are pleased to have been selected by this leading gas turbine engine manufacturer for this opportunity and order,” We believe CVD’s focus on growth markets including aerospace, silicon carbide high power electronics, and electric vehicle battery materials provides the path to sustained profitability and growth.” said Emmanuel Lakios, president and CEO of CVD Equipment Corporation.