Amaero, a U.S. domestic producer of high-value C103, refractory alloy and titanium powders for additive and advanced manufacturing of components utilized by the defense, space and aviation industries, executed binding purchase contracts for the Argon recycling plant and for its fourth advanced EIGA Premium atomizer, advancing the company’s capacity expansion program and accelerating operating cost benefits.
EXIM Bank has committed $22.8 million for equipment financing, structured to draw as commissioning milestones occur. Approximately $15 million expected to be drawn by Dec. 31, 2025 (not including exposure fee). The full balance is expected to be drawn by June 30, 2026.
This match funding approach avoids idle capital, keeps cash resources high during scaling phases and supports execution certainty of long-lead infrastructure.
“Amaero has demonstrated its commitment to making forward leaning investments and to aligning with strategic partners to address national security and sovereign manufacturing challenges,” Hank J. Holland, chairman and CEO of Amaero, said. “Additionally, Amaero has demonstrated a keen focus on highly disciplined allocation of capital. As we moved decisively to re-locate the business to Tennessee in July 2023 and to execute on a three-year capital investment and commercial engagement plan, Amaero has established a first mover advantage in both businesses, the titanium and refractory alloy spherical powder production business and the PM-HIP manufacturing business.”
Holland added, “Our intensive engagement with strategic customers is evidenced by the December 3rd PM-HIP Roundtable at Amaero’s facility with approximately 40 maritime / submarine industrial base stakeholders including representatives from Bechtel Plant Machinery, Inc. (BPMI), Naval Nuclear Laboratory (NNL), Naval Reactors, NAVSEA, and other key stakeholders such as General Dynamics Electric Boat, Newport News Shipbuilding, Hanwha, BWX Technologies, Curtiss-Wright, Northrop Grumman and Leonardo DRS.”
Holland concluded, “The convening followed a near daily collaboration with the maritime industrial base over the past 18 months that included performance on numerous contracts. PM-HIP manufacturing of near-net-shape components is an immediate, mature and viable manufacturing technology to address critical production delays with castings and forgings. Amaero’s team has pioneering technical experience and proven program management competency. We believe that through the combined efforts of all participants, we can work together to expand the use of advance technologies in the industrial base to meet the Navy’s increasing shipbuilding demands.”
