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IBC (TSXV:IB) to manufacture beryllium alloy parts for F/A-18 Super Hornet Aircraft in $10 million deal with Raytheon Technologies (NYSE:RTX)
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  • Raytheon Technologies has placed a purchase order of over US$10 million for beryllium alloy parts from IBC
  • The parts will be used for Raytheon's ATFLIR system that it is implementing in the U.S. Navy's F/A-18 Super Hornet aircraft.
  • IBC is a leading beryllium and copper advanced alloys company serving a variety of industries
  • IBC Advanced Alloys Corporation (IB) is up 6.52 per cent and is currently trading at C$0.245 per share, as of 11:30 am ET. 

Raytheon Technologies has placed a purchase order of over US$10 million for beryllium alloy parts from IBC Advanced Alloys.

The parts will be used for Raytheon's Advanced Targeting Forward Looking Infrared (ATFLIR) system that it is implementing in the U.S. Navy's F/A-18 Super Hornet aircraft.

IBC will produce several parts for the ATFLIR system over the next 18 months as part of the purchase order, including the Pitch Gimbal Housing.

Mark Smith, IBC's CEO and Chairman, commented,

“The extraordinary cost-effectiveness of IBC’s near-net-shape beryllium-aluminum casting technology continues to attract more business to the company from both defense and commercial manufacturers."

“The IBC team’s relentless focus on performance and manufacturing efficiency continues to drive growth in our mission-critical alloys business, and I am very proud of our team’s ability to serve our current customers with excellence while also winning new business,” he added.

IBC is a leading beryllium and copper advanced alloys company serving a variety of industries such as defense, aerospace, automotive, telecommunications, precision manufacturing, and others.

IBC has production facilities in Indiana, Massachusetts, Pennsylvania, and Missouri.

IBC Advanced Alloys Corporation (IB) is up 6.52 per cent and is currently trading at C$0.245 per share, as of 11:30 am ET. 

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