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Metallus In $99 Million Deal With Army For Expand Metals Capacity For Artillery Shells

Cal Biesecker By
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Metallus In $99 Million Deal With Army For Expand Metals Capacity For Artillery Shells
Photo: Metallus

Metallus [MTUS] on Tuesday said it has entered an agreement with the Army for up to $99 million to expand the company’s capacity to produce specialty metals used in the production of artillery shells. The Ohio-based company, which was formerly known as TimkenSteel, said half of the funding has been obligated and the rest will be provided in phases after project details are finalized. Metallus projects that the new capability will be ready in late 2025. Metallus said the funding…

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