CarTech, UTC in licensing, supply deal

Oct 01, 2013 | 05:59 PM | Rey Mashayekhi

Tags  Carpenter Technology, United Technologies, UTC, superalloy, aerospace, stainless, Pratt & Whitney, licensing and supply agreement William A. Wulfsohn

NEW YORK — Specialty alloy producer Carpenter Technology Corp. has reached a licensing and supply agreement with United Technologies Corp. (UTC) that will see Carpenter build a $20-million superalloy powder facility, the company said Oct. 1.

The agreement between Wyomissing, Pa.-based Carpenter and UTC’s Pratt & Whitney aerospace division includes UTC’s licensing of superalloy powder production technology to Carpenter and a long-term supply contract. Upon Carpenter’s completion of the facility, expected to take approximately 18....

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