NEW YORK Carpenter Technology Corp. and Universal Stainless & Alloy Products Inc. have both announced contract wins with Rolls-Royce Plc.
CarTech president and chief executive officer William A. Wulfsohn said in an conference call with analysts April 25 that the Wyomissing, Pa.-based company had secured a five-year agreement to supply jet engine components such as rings, blades and airfoils. The contract is valued at approximately $75 million.
The company will target production for the contract out of the companys new Athens, Ala., facility, Wulfsohn added.
Meanwhile, Bridgeville, Pa.-based Universal announced a five-year contract with the London-based engine maker to supply it with specialty steel products. The contract will commence January 1, 2014.
Our ability to win this contract is a major milestone for our company and for the transformation we embarked upon in 2011 with the acquisition of our North Jackson, Ohio, operation, Universal chairman, president and chief executive officer Dennis Oates said.
Universal purchased the North Jackson facility in June 2011 (amm.com, June 15, 2011
We have worked relentlessly since that time to qualify as a world-class supplier in a broader range of specialty steels. There is no better measure of our progress than this contract with Rolls-Royce," Oates said.