IBC Advanced Alloys reported this week that it has made it's first shipment of it's proprietary Beralcast® azimuth gimbal housing components to Lockheed Martin. The components will be used in the Lockheed Martin F-35 Lightning II Electro Optical Targeting System (EOTS).
As we have pointed out in previous posts about IBC, this Microcap is making serious inroads into the Aerospace industry and the contract with Lockheed Martin to supply Beralcast Alloys for the housing of the crucial EOTS system on the F35 fighter jets is only a first step.
Their copper/Beryllium Alloys division is already profitable and this second phase of business, lead by the Lockheed Deal (and others) is the "second brick" of what should be a solid business foundation.
Here is the press release:
IBC Delivers first Beralcast components to Lockheed Martin's F-35 program.
IBC Advanced Alloys is currently a penny stock and trades on the Toronto Venture Exchange under the symbol IB. It closed today at .125 , up 25% in a week.
It also trades on the OTC in the U.S. under the symbol IAALF.