Elmet Technologies Awarded $36M Defense Contract for Strategic Alloys

Key Facts

1Elmet Technologies was awarded a $36 million contract by the U.S. Defense Logistics Agency to supply molybdenum and tungsten alloys.

Elmet Technologies was awarded a $36 million contract by the U.S. Defense Logistics Agency to supply molybdenum and tungsten alloys. GlobeNewswire reported that the company, a subsidiary of Elmet Group Co., will provide high-performance aerospace materials and precision wire to the U.S. National Defense Stockpile. The contract aims to strengthen the domestic supply of critical materials for aerospace and defense markets, specifically for jet engine components.

The contract win strengthens the company's position as a key defense supplier while providing visibility for future revenue. Regarding market performance, ELMT closed at $19.15 on September 29, 2026, with the stock trading between a day low of $18.85 and a high of $19.76 during that session.