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Kennametal, Inc. is a manufacturer of high-performance cutting tools and engineered components used in the aerospace, defense, transportation and oil and gas drilling industries. Its customer base is global.
Cardoso joined Kennametal from Flowserve in April 2003 as the President of the Metalworking Division and in January 2005 was promoted to Chief Operating Officer. In December 2005 Cardoso became a President and CEO of the Corporation and in 2008 took an additional role of Chairman of the Board of Directors. [ 12 ]
Stellite alloys are a family of completely non-magnetic and corrosion-resistant cobalt alloys of various compositions that have been optimised for different uses. Stellite alloys are suited for cutting tools, an example is Stellite 100, because this alloy is quite hard, maintains a good cutting edge at high temperature, and resists hardening and annealing.
The company is going for restructuring, and hence the 1200 job cuts at Kennametal are being justified as a part of this restructuring exercise. Other news about Kennametal layoffs: The company had plans to layoff 1,125 employees. But the company has ended up firing 1,380 employees, or about 30 percent of its total workforce.
The SCAMP design team in late 1977, starting left: Harry Hillaker, Andrew Lewis, Kenny Barnes, Jim Gordon. Shortly after winning the lightweight fighter program, General Dynamics Fort Worth began investigating possible F-16 derivatives with the goal of enhancing both air-to-air and air-to-ground mission capabilities while retaining parts commonality with the F-16A. [1]
On June 8, 2006, MSC completed the acquisition of J & L America, Inc. DBA J & L Industrial Supply (J & L), a subsidiary of Kennametal, for $349.5 million. [ 7 ] In 2013, Erik Gershwind, Sid Jacobson's grandson, was named President and Chief Executive Officer.
The Cessna Citation Excel is an American midsize business jet in the Cessna Citation family.Announced in October 1994, the Model 560XL first flew on February 29, 1996, certification was granted in April 1998, and over 1,000 have been delivered.
Kennametal, a metal-working and tool company based in Latrobe, PA, USA, developed the first titanium carbide cermet with a 19 megapascals (2,800 psi) and 100-hour stress-to-rupture strength at 980 °C. Jet engines operate at this temperature and further research was invested on using these materials for components.