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Published 2 months ago

Metallus agrees to major deal with U.S. Army to produce artillery shells

Summary by Ground News
Metallus, formerly known as TimkenSteel, will receive up to $99 million from the U.S. Army. The Army recently announced an initiative to more than triple the production of 155mm artillery shells. Metallus reported a net income last year of $69.4 million, or $1.47 per share.

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Metallus agrees to major deal with U.S. Army to produce artillery shells

Metallus, formerly known as TimkenSteel, reported its fourth quarter and full-year earnings for 2023. It also announced a deal with the U.S. Army.

2 months ago
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