06/09/2026
Elmet Technologies Awarded $4.3 Million Contract from United States Department of War
Contract to Accelerate Development of Molybdenum Components for Critical Defense Programs
Lewiston, Maine, USA – Elmet Technologies, a wholly-owned subsidiary of The Elmet Group Co. (“Elmet,” the “Company”) (NASDAQ: ELMT), the sole U.S.-owned and vertically integrated tungsten and molybdenum manufacturer, today announced it has secured strategic funding of $4.3 million in support of a government contract award to develop and advance domestic manufacturing capabilities for molybdenum-based products and refractory metal components utilized in critical defense programs.
The contract award is expected to enhance Elmet Technologies’ capacity and capabilities related to precision machining, production automation, additive manufacturing, material feeding, post-processing equipment, as well as additional finishing and inspection systems.
In addition, the contract aims to bolster domestic manufacturing readiness, redundancy, and expansion and meets the projected long-term demand for refractory metal components, specifically molybdenum-based products used in modern defense interceptor programs.
“This award directly supports our mission of securing the critical materials and components supply chain in the U.S.,” said Derek Fox, President of Elmet Technologies, the Critical Materials Components division of The Elmet Group. “We expect that it will enable us to expand capacity and deploy advanced manufacturing technologies in support of our nation’s critical defense initiatives, several of which depend on molybdenum-based components as a foundation. Elmet is honored to serve as a provider within that foundation.”
The contract will fund targeted investments across Elmet Technologies’ manufacturing operations with the objective of accelerating production throughput and improving precision component performance in mission-critical interceptor systems and U.S. defense platforms.
This initiative aligns with Elmet Technologies’ long-standing commitment to strengthening U.S. domestic manufacturing capabilities and supporting the United States’ needs in critical materials and components, as well as fortifying the defense industrial base and national security.
