Materion Corporation (MTRN, Financial) has announced its involvement in supplying advanced materials for the U.S. Army's Future Long-Range Assault Aircraft (FLRAA) prototypes. The company's SupremEX metal matrix composite has been chosen by Bell Textron Inc., a subsidiary of Textron (TXT), to be utilized in the components of these advanced aircraft.
Bell Textron is spearheading the design and construction of the FLRAA prototypes with the aim of enhancing the operational effectiveness of the U.S. Army. The use of SupremEX composites is expected to offer significant advantages by reducing the overall weight of the aircraft while maintaining robust strength and long-term reliability. These factors are crucial for improving the performance and capability of military operations.
Materion's collaboration with Bell promises to play a pivotal role in advancing the U.S. Army's aviation capabilities. As the FLRAA is set to become an integral part of military operations, the incorporation of SupremEX metal matrix composites will be key to achieving superior reach and operational efficiency.
Wall Street Analysts Forecast
Based on the one-year price targets offered by 4 analysts, the average target price for Materion Corp (MTRN, Financial) is $121.25 with a high estimate of $130.00 and a low estimate of $115.00. The average target implies an upside of 50.65% from the current price of $80.49. More detailed estimate data can be found on the Materion Corp (MTRN) Forecast page.
Based on the consensus recommendation from 4 brokerage firms, Materion Corp's (MTRN, Financial) average brokerage recommendation is currently 2.0, indicating "Outperform" status. The rating scale ranges from 1 to 5, where 1 signifies Strong Buy, and 5 denotes Sell.
Based on GuruFocus estimates, the estimated GF Value for Materion Corp (MTRN, Financial) in one year is $105.62, suggesting a upside of 31.23% from the current price of $80.485. GF Value is GuruFocus' estimate of the fair value that the stock should be traded at. It is calculated based on the historical multiples the stock has traded at previously, as well as past business growth and the future estimates of the business' performance. More detailed data can be found on the Materion Corp (MTRN) Summary page.
