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Pentagon awards a $2 billion contract to Elmet Technologies for tungsten stockpile.

Sep 14, 2026•about 2 hours ago

Contract Type

contract

LewistonManufacturing

Description

The Pentagon has awarded a contract worth up to $2 billion to Elmet Technologies to stockpile tungsten as essential for defense systems. Additionally, the Department of Defense is investing $450 million in Elmet to boost domestic production and strengthen the supply chain for critical materials.

Company Information

Company

Elmet Technologies

Location

Lewiston, Maine, United States

About

Elmet Technologies is a subsidiary of The Elmet Group Co. based in Lewiston, Maine. The company specializes in manufacturing molybdenum components used in critical defense programs. It aims to enhance domestic production and has been involved in projects like the Artemis II mission. Recently, Elmet became a publicly-traded company on the NASDAQ.

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