Elmet Technologies Wins $36M DLA Contract for Aerospace Refractory Metals
ELMT sits 53% above its 52-week low of $12.485.
Summary
Elmet Technologies, a wholly owned subsidiary of Elmet Group, has been awarded a $36 million contract by the Defense Logistics Agency to supply high-performance molybdenum and tungsten alloys and precision wire for jet engine components and other aerospace applications. This award is separate from the $2 billion DLA tungsten stockpile contract announced on September 14, 2026, and further strengthens Elmet's position as a domestic supplier of critical materials. The contract covers TZM alloy billets, bar stock, ingots, and specialized wire, leveraging Elmet's vertically integrated manufacturing capabilities. This follows a series of strategic moves including the $450 million Department of War investment and the acquisition of ams OSRAM's tungsten operations, reinforcing the company's integrated supply chain from ore to finished components. The new contract adds to a growing backlog and demonstrates continued government demand for domestic refractory metals.
At the time of this announcement, ELMT was trading at $19.10 on NASDAQ in the Manufacturing sector, with a market capitalization of approximately $583.3M. The 52-week trading range was $12.49 to $25.03. This news item was assessed with positive market sentiment and an importance score of 8 out of 10. Source: GlobeNewswire.