Elmet Group rises after $36 million US defense contract
ELMT•Elmet Technologies won a government contract valued at about $36 million to supply materials to the US National Defense Stockpile. Elmet Group shares were up 3% premarket.
1. Contract details
Elmet Technologies, a unit of Elmet Group, was awarded the contract by the Defense Logistics Agency. It will supply high-performance molybdenum and tungsten alloys and precision wire used in jet engine components and other aerospace applications. The award is separate from a $2 billion DLA contract announced on Sept. 14.
