PTC Industries Joins Honeywell Aerospace in Long-Term Pact

• Aerolloy Technologies signed a long-term deal with Honeywell Aerospace to supply titanium and superalloy castings for aerospace applications
• The agreement involves a vertically integrated process at Aerolloy’s Uttar Pradesh facility, focusing on critical aero-engine components
• The partnership boosts India’s aerospace casting capabilities and provides long-term revenue visibility for Aerolloy

Recently, PTC Industries Limited announced the awarding of a long-term contract between Binary Technologies, PTC's fully-owned subsidiary, and Honeywell Aerospace Technologies for the manufacturing of Titanium and Super Alloys Precision Investment Castings (PITs) for various global applications.

Both companies to provide titanium and superalloy castings for aerospace manufacturing in India, focusing on advanced materials for defence and aerospace components.

Pursuant to this agreement between Binary Technologies and Honeywell shall manufacture the required titanium and superalloy PITs using a vertically integrated approach: from producing titanium/superalloy followed by alloy melting/processing and precision investment casting at Binary's advanced facility located in India's Uttar Pradesh state.

The formed parts produced according to this agreement shall be applied in critical components of aerospace engines. Aerolloy’s comprehensive manufacturing capabilities offer Honeywell numerous advantages including traceability, improved supply chain resilience, increased long term reliability, and reduced supply chain risk.

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Sachin Agarwal, PTC Industries Chairman & Managing Director stated, “This collaboration reaffirms our capability to deliver high quality aerospace products, and it strengthens India’s position in the global aerospace supply chain”.

This collaboration not only further establishes India's place within the international titanium and superalloy casting industry, but it also demonstrates India's ability to produce complex aerospace components for the global market.

As a result, the agreement will improve Aerolloy's reputation for being able to produce next-generation aerospace components, as well as provide predictability with respect to future revenue generation for Aerolloy.