Carpenter Technology Corporation manufactures, fabricates, and distributes specialty metals worldwide. It operates through two segments, Specialty Alloys Operations and Performance Engineered Products. The company develops, manufactures, and distributes cast/wrought and powder metal stainless steels and special alloys, including iron-nickel-cobalt base, stainless, superior corrosion resistant, and controlled expansion alloys; ultra-high strength and implantable alloys; tools and die steels; and other specialty metals, as well as cast/wrought titanium alloys. It also manufactures and rents down-hole drilling tools and components for use in the oil and gas industry. Carpenter Technology Corporation distributes its products directly through its distribution network, as well as through independent distributors. The company provides material solutions to aerospace and defense, energy, transportation, medical and industrial, and consumer industries. Carpenter Technology Corporation was founded in 1889 and is headquartered in Wyomissing, Pennsylvania.