Carpenter 737 MAX demand set to jump after FAA cap increase

Carpenter Technology

Carpenter 737 MAX demand will rise as Boeing’s cap moves to 42 per month. Carpenter 737 MAX demand benefits from stronger aerospace bookings. Therefore, Carpenter 737 MAX demand should lift revenues and melt utilization.

Order momentum builds across aerospace and defense

Carpenter reports accelerating orders after the FAA’s decision. Bookings in aerospace and defense rose 23% quarter over quarter. The segment delivered $388.3mn, up 11% year over year. It represented 64% of total revenue in the quarter. Meanwhile, management signed five large long-term agreements. Profit reached $122.5mn, up 44% from last year. However, specialty alloys shipments fell 11% to 44.8mn lbs. Even so, brownfield melt expansions remain on budget for 2027.

The Metalnomist Commentary

Boeing’s 737 MAX cadence supports Carpenter’s long-cycle visibility. Yet mix shifts and medical softness could temper margin upside. Watch melt ramp timing, forgings bottlenecks, and contract pricing through 2027.