- IBC was awarded a contract for the EOTS’ Gimbal Mounting Ring as part of a multi-year contract with Lockheed Martin
- IBC will also continue producing the Azimuth Gimbal Housing Unit
- The value of the December purchase order for both parts is approximately US$9.7 million
- IBC’s beryllium alloys facility confirms that both parts are being delivered to Lockheed Martin on schedule
- IBC is a leading beryllium and copper advanced alloys company serving a variety of industries
- IBC Advanced Alloys (IB) opened trading at C$0.24 per share
IBC Advanced Alloys (IB) has begun delivering a new beryllium alloy part – the Gimbal Mounting Ring – for the F-35 Lightning II aircraft.
IBC makes the ring using its proprietary investment casting technology, which allows for more efficient and less costly manufacturing of the part than was previously possible.
IBC was awarded a contract for the EOTS’ Gimbal Mounting Ring as part of a multi-year contract with Lockheed Martin.
In addition to the Gimbal Mounting Ring, IBC also was awarded another multi-year contract to produce the Azimuth Gimbal Housing Unit for the EOTS systems, which IBC has manufactured for Lockheed Martin since 2015.
The total value of the December purchase order for both parts is approximately US$9.7 million, which represented a 24 percent increase over IBC’s previous three-year purchase order from Lockheed Martin.
IBC’s beryllium alloys facility in Wilmington, Mass., where the Gimbal Mounting Ring is manufactured, confirmed that shipment of both the Ring and a second part for the F-35’s EOTS system manufactured IBC – the Gimbal Housing Unit – are are being delivered to Lockheed on schedule.
EOTS is the first sensor to combine forward-looking infrared and infrared search and track functionality to provide F-35 pilots with precise air-to-air and air-to-ground targeting capability.
IBC is a leading beryllium and copper advanced alloys company serving a variety of industries such as defence, aerospace, automotive, telecommunications, and precision manufacturing.
IBC Advanced Alloys (IB) opened trading at C$0.24 per share.
