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CLEVELAND - Materion Corporation (NYSE: MTRN), a $1.68 billion market cap advanced materials company with annual revenues of $1.68 billion, has been chosen to supply SupremEX® metal matrix composite for the U.S. Army’s Future Long-Range Assault Aircraft (FLRAA) prototypes. According to InvestingPro analysis, the company maintains strong financial health with liquid assets exceeding short-term obligations. The announcement was made earlier this week, highlighting the collaboration with Bell Textron Inc., a Textron Inc. company, which is responsible for the design and construction of the FLRAA prototypes.
The SupremEX composite is acclaimed for its high-strength and lightweight properties, which are expected to contribute to the FLRAA’s enhanced performance capabilities. With the ability to achieve higher speeds and carry heavier payloads, the FLRAA is designed to reach battlefields more quickly and cover greater distances. Trading at $80.59, Materion appears undervalued according to InvestingPro’s Fair Value analysis, with analysts setting price targets between $115 and $130.
Clive Grannum, President of Performance Materials at Materion, expressed the company’s commitment to equipping the U.S. Army with a new aircraft that offers extended reach and capability. Ryan Ehinger, senior vice president and program director for FLRAA at Bell, welcomed Materion to the FLRAA team and emphasized the transformative potential of the FLRAA for U.S. Army operations.
Materion’s product portfolio, which includes specialty alloys, metal matrix composites, and thin film coatings, addresses the technical demands of the defense and aerospace sectors. As the Army Contracting Command - Redstone Arsenal supports the development of new technologies like the FLRAA under Contract No. W58RGZ-23-C-0001, Materion positions itself to meet the evolving materials requirements.
The company, headquartered in Mayfield Heights, Ohio, has a nearly 100-year history in specialized engineered alloy systems and other advanced materials. Materion operates globally, employing over 3,000 individuals and serving customers in more than 60 countries. The company has maintained dividend payments for 14 consecutive years, demonstrating financial stability. For deeper insights into Materion’s financial health and growth prospects, investors can access comprehensive analysis through InvestingPro’s detailed research reports, available for over 1,400 US stocks.
This partnership marks a significant step in the evolution of military aviation technology, with the FLRAA set to change the dynamics of how U.S. Army aviators engage in combat. The information for this report is based on a press release statement.
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