Carpenter Technology Corporation · NYSE:CRS
Carpenter Technology — Paris Air Show 2025
37 slides from Carpenter Technology's conference presentation, July 2025
Slide 1: Lighter, faster, stronger metallurgy for defense
July 2025 Paris Air Show Lighter, faster, stronger metallurgy for defense 1
Slide 2: The first line of defense
The first line of defense MISSION- CRITICAL METAL Built to weather the storm: on land and sea, in air and space, in wars and in between. Our military-grade, American-made alloys have been THE standard for defense contractors for 135 years. WE HAVE YOUR BACK
Slide 3: Carpenter Technology Defense market team
Carpenter Technology Defense market team 120 combined years of experience in the U.S. specialty metals industry Vic Talotta Colleen Tomasello Humberto Raposo Dan Roup Global Aerospace and Defense Defense R&D Application Metallurgy Defense Defense Marketing 3
Slide 4: Overview
OVERVIEW 4
Slide 5: We support applications and platforms across the Defense landscape
We support applications and platforms across the Defense landscape Our 200+ metallurgists constantly innovate stronger, tougher, more corrosion- resistant alloys 5
Slide 6: A global leader in specialty materials solutions
Carpenter Technology: A global leader in specialty materials solutions 135+ years ~$2.8B sales Global presence of innovation in specialty alloys 5,000+ Employees Sales, distribution, manufacturing Product forms Alloy portfolio Targeted alloy properties 1 Ingot / Billet Transportation Aerospace • Sta
Slide 7: Agile, integrated, in-house production
Agile, integrated, in-house production 7
Slide 8: Collaboration case study
COLLABORATION CASE STUDY 8
Slide 9: Alloy design and modeling can deliver innovative alloys in 24 months
CALPHAD modeling Kinetic modeling Alloy design and modeling Thermo-Calc, Pandat, MatCalc, JMatPro Dictra, Prisma, Pandat, MatCalc can deliver innovative L γ L alloys in 24 months L+γ L+γ+ L+δ δ γ γ+δ Optimization γ ’ Lave Pr NbC Ti s ces s op N Pro er tie s Phase composition Phase stability Homogeni
Slide 10: Assets and capabilities supporting new product development
Assets and capabilities supporting new product development Each step requires significant engineering and innovation ALLOY DESIGN & PROTOTYPING SMALL-SCALE PRODUCT GENERATION TEST AND SCALE UP Primary R&D Primary melt & remelt Hot working & finishing New product development Determine composition, pr
Slide 11: Engineered for victory
FORGED IN Engineered for victory Defense contractors depend on Carpenter Technology for never-fail alloys— high-performance, battle-proven metal. RE WE HAVE #3 | YOUR BACK 11
Slide 12: Higher strength and toughness
HIGHER STRENGTH AND TOUGHNESS 12
Slide 13: AerMet Ultra-high strength / high-toughness steel
AerMet® Ultra-high strength / high-toughness steel • Best combination of Key features Characteristics strength and toughness • Best combination of strength and toughness • VIM/VAR for clean microstructure • Weight savings • Formable • Ductile Fe-Ni-Co lath martensite matrix precipitation • Endurance
Slide 14: Ferrium M54 Ultra-high strength / high-toughness steel
Ferrium® M54 Ultra-high strength / high-toughness steel • Increased power density Key features Characteristics • Weight savings • Upgrade relative to 4340, 300M, HyTuf, and • Ultra-high strength steel with high toughness • Improved fatigue resistance maraging C250/C300 • VIM-VAR premium melted and s
Slide 15: High strength and corrosion resistance
HIGH STRENGTH AND CORROSION RESISTANCE 15
Slide 16: Custom 465 Corrosion-resistant stainless steel
Custom 465® Corrosion-resistant stainless steel • Improved maintenance / Key features Characteristics lifecycle costs • Higher strength relative to 15-5 PH and • State-of-the-art high-strength PH stainless designed • Corrosion resistance, K1SCC 13-8 PH at comparable corrosion resistance for aerospac
Slide 17: Ferrium S53 High-strength steel with enhanced corrosion resistance
Ferrium® S53 High-strength steel with enhanced corrosion resistance • Enhanced corrosion Key features Characteristics resistance relative to alloy • Drop-in replacement for 300M • AMS 5922, MMPDS-05 steels, high k1SCC • CTE similar to that of other alloy steels • VIM-VAR melted for clean microstruct
Slide 18: Next-gen High Strength Stainless (HSS)
Next-gen High Strength Stainless (HSS) Corrosion-resistant stainless steel • Elevated fracture toughness at high strength Key features • Decreased failures due to corrosion / SCC • Improved strength / toughness (RT and ET) relative to Custom 465® • Good general corrosion resistance in salt spray • 1
Slide 19: Higher wear resistance
HIGHER WEAR RESISTANCE 19
Slide 20: Portfolio of carburizing alloys
Portfolio of carburizing alloys VIM-VAR 9310 Pyrowear® 53 CBS-50 NiL Pyrowear® 61 Ferrium® C64 A-21® Stainless Pyrowear® 675 Property (Long.) (AMS 6265) (AMS 6308) (AMS 6278) (AMS 6517) (AMS 6509) Steel (AMS 5930) Temper 300 450 1025 900 925 350 600 925 °F (°C) (149) (232) (552) (482) 496) (177) (31
Slide 21: Pyrowear 53 (improved process) High cleanliness and durability
Pyrowear® 53 (improved process) High cleanliness and durability • Increased safety, Key features Characteristics higher oil-out performance • Reduced inclusion content • Premium melted carburizing steel • Targeted to increase offering excellent wear resistance • Improved fatigue performance fatigue
Slide 22: Pyrowear 675 High wear resistance / corrosion resistance
Pyrowear® 675 High wear resistance / corrosion resistance • Decreased maintenance / lifecycle costs Key features Characteristics • Decreased failures due to corrosion • Corrosion resistance comparable • Carburizing corrosion-resistant gear steel to 400 series stainless steels in designed for aerospa
Slide 23: Pyrowear 61 and Ferrium C64 High wear resistance
Pyrowear® 61 and Ferrium® C64 High wear resistance • Increased power density, weight savings Key features Characteristics • Higher temperature resistance • Very high core strength / toughness • VIM-VAR melted for clean microstructure • Leaner carburizing process (25–40% less • High hardenability all
Slide 24: A-21 High wear-resistant stainless steel
A-21® High wear-resistant stainless steel • True stainless after case hardening Key features Characteristics to >60 HRC • Best-in-class corrosion resistance in • Deep, hard, stainless case + strong, tough, • Eliminates coating carburized case ductile core • Drop-in replacement for 9310 • ARC/AOD, VA
Slide 25: Power-dense motors and generators
POWER-DENSE MOTORS AND GENERATORS 25
Slide 26: Advanced soft magnetic alloys
Advanced soft magnetic alloys STRIP Unique combinations of mechanical properties Available in the forms you need • High induction / permeability and low loss Alloy Strip Bar Wire • High strength and high induction Hypocore® • • High corrosion resistance and induction Hiperco® 50/50A • BAR • Tailored
Slide 27: Hiperco has the highest induction for a soft magnetic material
Hiperco® has the highest induction for a soft magnetic material while exhibiting good permeability and core loss properties BH Curve Motor Torque Motor Continuous Power 25% 15% Saturation Induction vs Core Loss • Performance benefit may depend on specific motor design • Simulations done for 12-pole,
Slide 28: Hiperco is the best choice for power-dense electric generators and motors
Hiperco® is the best choice for power-dense electric generators and motors OR MOTOR POWER MOTOR SIZE AND TORQUE 28
Slide 29: Hiperco is used in multiple high-performance applications
Hiperco® is used in multiple high-performance applications Advancing power, weight savings and precision eVTOL / Urban Air Mobility Regional Air Mobility / Legacy Aerospace and Defense Electric and Hydrogen Airplanes Medical Devices Semiconductor Production Supercars and Motor Sport Equipment 29
Slide 30: Delivering industry-best quality stacks at production scale
Delivering industry-best quality stacks at production scale Power-dense stack performance is highly dependent on processing methods. Material properties and processing techniques impact the magnetic properties of Hiperco® stator and rotor stacks. • Alloy quality (chemistry, strip process) • Growth •
Slide 31: Stator and rotor parts can be produced from the same strip
Stator and rotor parts can be produced from the same strip Carpenter Technology follows proprietary recipes for each process step to meet customer drawing specifications Stator Stator Insulation stamp Bond Machine anneal coating ALLOY STRIP Rotor Rotor Insulation stamp Bond Machine anneal coating •
Slide 32: Metal powder solutions
METAL POWDER SOLUTIONS 32
Slide 33: Alloy powder manufacturing
Alloy powder manufacturing • VIM atomizer designed for high-temp alloys Characteristics • Large heat size (3000-lb VIM) • Four-story atomizer allows spherical particles after solidification • Powder canning and HIP operation • Sophisticated tilt-pour mechanism and dual tundishes • Clean room powder
Slide 34: Premium powders optimized for additive manufacturing
Premium powders optimized for additive manufacturing High-quality, contamination-free powders for every AM application Carpenter Additive has developed the industry’s most extensive database of mechanical properties and materials information with the expertise to advance AM. Iron-based powders Titan
Slide 35: Next-gen AM material: GRX-810 ODS
Next-gen AM material: GRX-810 ODS Carpenter Additive has a semi-exclusive license with NASA to manufacture PowderRange® GRX-810 ODS • Scaled up production since Sep 2024, successfully Key features atomized multiple full size powder heats • Composition designed for additive manufacturing: • PowderRan
Slide 36: Next-gen AM material: GRX-810 ODS
Next-gen AM material: GRX-810 ODS Mixing alloy powder with Nano Y2O3 Designed for laser AM Base Alloy Powder Nano Y2O3 Powder 5um 1um Acoustic Mixer References: 1) A 3D Printable Alloy Designed for Extreme Environments, Timothy M. Smith et al, Nature 2023. 2) NASA High Temperature Alloy Development
Slide 37: Thank you
Thank you CarpenterTechnology.com/Defense For additional information, please contact Dan Roup | droup@cartech.com | +1 267 882 7915