What The Elmet Group does

The Elmet Group Co. (NASDAQ: ELMT) is a Portland, Maine-headquartered precision manufacturer founded in 1929 that operates through two divisions. The Critical Materials Components (CMC) division produces refractory metal products—primarily tungsten, molybdenum, niobium, and tantalum, plus specialized alloys such as C103—using a vertically integrated process spanning powder processing, consolidation, thermomechanical processing, machining, fabrication, and precision manufacturing. The Engineered Microwave Products (EMP) division designs and manufactures high-power RF and microwave components and systems (waveguides, circulators, loads, pressure windows, tuners, generators, and fully integrated systems) used in radar, missile tracking, directed energy, semiconductor fabrication, and fusion research applications, including the newly licensed ARC Sentry arc detector technology from Brookhaven National Laboratory.

The company's products are deployed in environments where component failure is unacceptable, and it is positioned as the only U.S.-owned vertically integrated manufacturer of tungsten and molybdenum products. It holds U.S. Patent No. 12,571,080 covering binder jet printing and directed energy deposition of tungsten heavy alloys. The company maintains ISO9001, AS9100, and ITAR registrations and qualifies into 100+ U.S. defense programs and 95+ national laboratory programs. Operations span four manufacturing facilities totaling more than 500,000 square feet in Lewiston and Gorham (Maine), Nashua (New Hampshire), and Hamburg (Germany), supported by approximately 500 employees.

Revenue is generated through direct B2B and B2G sales of custom-engineered hardware across six end markets: Aerospace, Defense & Government (the primary segment at over 40% of sales, including NASA, Lockheed Martin, Raytheon, Teledyne, and the U.S. Department of War), Semiconductor & Electronics, Medical, Industrial, and Energy. The company reported TTM revenue of approximately $211.2M as of Q1 FY2026 (FY2025 revenue of $201.6M), with a record $113.3M backlog. Following an April 2026 IPO that raised $125.5M in net proceeds, the company has actively expanded its supply chain footprint through a five-year tungsten offtake with EQ Resources and secured a $4.3M U.S. Department of War contract for defense interceptor manufacturing capabilities.

Name

The Elmet Group

Legal name

The Elmet Group Co.

Website

https://theelmetgroup.com/

Company type

Public

Founded year

1929

Operating status

Operating

Headcount range

501–1,000 employees

Short description

The Elmet Group (NASDAQ: ELMT) is a Portland, Maine-based precision manufacturer founded in 1929 that operates two divisions producing refractory metal components (tungsten, molybdenum, niobium) and high-power RF/microwave systems for aerospace, defense, government, semiconductor, medical, industrial, and energy customers worldwide.

Ownership category

akta.pro rank

Product category

Refractory Metal and Microwave Component Manufacturing

NAICS

All Other Fabricated Metal Product Manufacturing (33299), Other Electrical Equipment and Component Manufacturing (3359)

SIC

Primary Smelting & Refining Of Nonferrous Metals (3330), Miscellaneous Primary Metal Products (3390)

akta.pro primary industry

Specialty & Alloy Steel (Stainless, Tool Steel, Electrical Steel, High-Strength/HSLA) (IMAKABAJ)

Keywords

• Refractory metal manufacturing
• Precision engineered components
• RF microwave systems
• Critical materials supply
• Defense components manufacturing

Headquarters

HQ city

Portland

HQ country

United States

HQ region

North America

Offices5 records

Markets served

GTM type

B2B

Offering type

Hardware or Manufacturing

Cost components

Personnel, Supply Chain

Revenue model

1. Critical Materials Components (CMC) - Tungsten and Molybdenum Products: Manufacturing and sale of precision-engineered tungsten, molybdenum, niobium, and tantalum refractory metal products. Revenue increased approximately $9.1 million in Q1 2026 primarily from growth within Aerospace, Defense & Government end market.
2. Engineered Microwave Products (EMP) - RF/Microwave Systems: Design and manufacture of high-power RF and microwave components and systems including waveguides, circulators, loads, pressure windows, tuners, generators, and fully-integrated systems for radar, missile tracking, directed energy, semiconductor fabrication, and fusion research.
3. Defense Government Contracts: Revenue from U.S. Department of War contracts for molybdenum-based products and refractory metal components utilized in critical defense programs. Company awarded $4.3 million contract to develop domestic manufacturing capabilities for defense interceptor programs.

Go-to-market motion2 records

Distribution channels3 records

Marketing channels4 records

Core offering

The Elmet Group designs, manufactures, and sells precision-engineered refractory metal components (tungsten, molybdenum, niobium, C103 alloys) and high-power RF/microwave components and systems. The company operates two divisions: Critical Materials Components (CMC) for tungsten and molybdenum refractory metal products, and Engineered Microwave Products (EMP) for RF/microwave waveguides, circulators, generators, and integrated systems serving aerospace, defense, semiconductor, medical, energy, and industrial customers.

Product overview

The Elmet Group operates as a provider of precision-engineered components and advanced high-energy systems, organized into two core divisions: Critical Materials Components (CMC) and Engineered Microwave Products (EMP). The CMC division manufactures high-performance refractory metal products including tungsten, molybdenum, niobium, and C103 alloys for aerospace, defense, semiconductor, medical, energy, and industrial applications. The EMP division designs and manufactures high-power RF and microwave components, generators, and integrated systems for radar, missile tracking, directed energy, semiconductor fabrication, and fusion research applications. The company also holds a license for the ARC Sentry arc detector technology from Brookhaven National Laboratory. The two divisions share materials science and precision engineering expertise, serving both commercial and government/defense customers.

Differentiator

Problem solved

Functional benefit

Products and services

• Tungsten Products High-performance tungsten refractory metal products offering the highest melting point of all metals with outstanding thermal properties and extremely high density for aerospace, defense, industrial, medical, semiconductor, electronics, and energy applications.
• Molybdenum Products High-performance molybdenum refractory metal products with high thermal conductivity and strength, enhanced mechanical properties at high temperatures, lower density than tungsten, high dimensional stability, and inherent corrosion resistance.
• Niobium Products Niobium refractory metal products, the lightest of the refractory metals, known for exceptional heat resistance and high melting point with relatively low density for defense, aerospace, and energy applications.
• C103 Alloy Products Specialized C103 alloy products providing exceptional heat resistance with low density, stability at high temperatures, and lightweight properties for aerospace, propulsion, and satellite applications.
• RF Components High-power RF and microwave components including waveguides, circulators, loads, pressure windows, and tuners for controlling, directing, and strengthening high-power energy waves in demanding plasma, radar, and high-energy systems.
• Microwave Generators High-performance microwave generators that generate, stabilize, and deliver intense electromagnetic energy for large-scale industrial material processing applications and alternative energy technology research.
• RF Systems Fully-integrated RF and microwave systems combining precision-engineered components into complete, field-ready solutions for semiconductor equipment, new energy research, and high-volume industrial material processing.
• Custom RF Solutions End-to-end design, engineering, and manufacturing solutions for research and development of RF components and systems used in defense, weather surveillance, medical devices, and scientific research applications.
• ARC Sentry Arc Detector Technology Licensed arc detection platform designed to protect critical RF infrastructure from damage caused by arcing in high-power environments. Originally developed for the National Synchrotron Light Source II, it supports up to 24 channels with SMA fiber optic pickups and proprietary GUI.

Quantifiable outcome

• Revenue increased 20.7% to $56 million in Q1 2026
• +3 more outcomes

Named customers5 records

Segments5 records

Ideal customer profiles5 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature3 records

Partnerships

Three partnerships are on record, tiered core.

• EQ Resources Limited (EQR)coreStrategic or Co-development Partner · 25 June 2026Strategic collaboration and five-year offtake agreement for tungsten concentrate from EQR's Saloro mine in Barruecopardo, Spain, valued at A$30 million. Elmet increased its stake to 23,652,634 ordinary shares (20 million purchased in June 2026). Collaboration aims to enhance global tungsten supply chain through combined Western raw material sources and manufacturing capabilities. EQR granted Elmet 20,000,000 options as parties jointly pursue U.S. Government programs for critical materials supply.
• Brookhaven Science Associates (Brookhaven National Laboratory)coreOEM/ Whitelabel/ Licensing Partner · 2 June 2026Non-exclusive license agreement to manufacture and commercialize the ARC Sentry arc detector technology originally developed for the National Synchrotron Light Source II facility. Microwave Techniques manages engineering, fabrication, and global sales of licensed products. Technology detects optical evidence of arc propagation and triggers protective shutdown in under 3 microseconds to prevent RF infrastructure damage.
• Climax Molybdenum Marketing CorporationcoreStrategic or Co-development Partner · 14 April 2026Molybdenum supply agreement amendment extending contract through December 31, 2025. Amendment adds sublimed pure molybdic oxide (POS) to product list, adjusts purchase quantities, and modifies conversion fee formula to include annual CPI and PPI index adjustments. Agreement assigned from Elmet Coldwater LLC to Elmet Technologies LLC.

Scale indicators8 records

Recent moves7 records

Expansion highlights6 records

Direct peers

• Morgan Advanced Materials: U.K.-headquartered global manufacturer of specialty materials including refractory metals, ceramics, and composites. Comparable in producing high-performance components for aerospace, defense, and industrial markets with similar customer base and precision engineering focus.
• Materion Corporation: U.S.-based specialty engineered materials manufacturer serving aerospace, defense, semiconductor, and energy markets. Comparable in producing high-performance alloys and precision components for demanding environments, with similar size and U.S. listing as Elmet.
• CPI International: U.S.-based manufacturer of high-power microwave and RF components and systems. Directly comparable to Elmet's EMP division, serving defense, communications, semiconductor, and scientific research markets with similar product portfolio of waveguides, circulators, and integrated systems.
• Plansee Group: Austrian-headquartered global leader in refractory metals manufacturing (tungsten, molybdenum, tantalum, niobium). Closest direct competitor to Elmet's CMC division with similar powder-to-part capabilities, operating at significantly larger scale globally across aerospace, electronics, and industrial markets.
• Rhenium Alloys: U.S.-based specialty refractory metals manufacturer producing tungsten, molybdenum, rhenium, and related alloys for aerospace, defense, and industrial applications. Smaller niche competitor focused on similar high-performance refractory metal products and powder metallurgy.
• H.C. Starck Tungsten (Mitsubishi Materials): German-based manufacturer of refractory metals and specialty alloys, now part of Mitsubishi Materials Group. Direct competitor in tungsten and molybdenum products for industrial, semiconductor, and high-tech applications, with comparable product breadth in the refractory metals space.
• Treibacher Industrie: Austrian specialty metals and refractories manufacturer producing tungsten, molybdenum, and related products. Comparable to Elmet's CMC division with similar focus on refractory metal powders and fabricated components for industrial applications and hardmetals.

Broad incumbents

• Hexcel Corporation: U.S.-based advanced composites and specialty materials manufacturer for aerospace and defense markets. Overlaps with Elmet's specialty materials offering for high-performance applications, though focuses on composites rather than refractory metals, serving similar blue-chip aerospace primes.
• Teledyne Technologies: Large U.S. defense, aerospace, and industrial electronics conglomerate. Both a customer (listed in Elmet's defense customer roster) and partial competitor in defense electronics and engineered components. Operates at much larger scale with broader portfolio across multiple end markets.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks5 records

Key highlights7 records

Customer concentration

• LinkedInlinkedin.com/company/the-elmet-group

Compliance3 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles7 records

Subsidiaries2 records

Funding overview

Funding rounds1 record

Investors1 record

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments3 records

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about The Elmet Group