CVD Equipment Corporation receives $3.7M aerospace order for production coating system
CVD Equipment Corporation, a leading provider of chemical vapor deposition systems, announced that it has received an order for a Production Chemical Vapor Infiltration (CVI) System valued at approximately $3.7M. The system will be used to manufacture Ceramic Composite Materials (CMCs) for Aerospace Gas Turbine Engines.
CVD is a leading manufacturer of Chemical Vapor Infiltration (CVI) and Tow-Coating Systems for use in the aerospace industry. Although gas turbine engine production was greatly impacted due to the COVID-19 pandemic and the resulting decline in long haul travel, the aerospace industry is showing signs of recovery, although we do not expect a recovery to pre-pandemic levels until later in 2023.
The increased demand for fuel-efficient/fuel-economy aircraft is driving development of next generation engine platforms that are energy efficient with reduced weight and reduced operating emissions. Advanced materials such as CMCs, enable increased fuel efficiency, along with higher strength and 1/3rd the weight compared to conventional nickel-based superalloys.
“We are pleased to have been selected by this leading gas turbine engine manufacturer for this opportunity and order. The selection process was extensive, and it leverages our installed base and expertise in CVI system manufacturing. We believe CVD’s focus on growth markets including, Aerospace, Silicon Carbide High Power Electronics, and Electric Vehicle Battery Materials provides the path to sustained profitability and growth.” said Emmanuel Lakios, President, and CEO of CVD Equipment Corporation.
