Defense and aerospace stocks are quietly taking flight — and this U.S. metals supplier just surged over 37% in the past month as investors rotate back into industrial names tied to national security and infrastructure.

The company is Carpenter Technology (CRS) — a leading producer of specialty alloys and advanced materials used in jet engines, defense systems, and energy applications. After years of steady restructuring, Carpenter is now emerging as one of the strongest momentum stories in the critical metals space, driven by booming demand for high-performance materials across aerospace and defense manufacturing.

So what’s fueling the breakout? The company delivered stronger-than-expected Q3 earnings, reporting rising margins and record backlog growth as orders from defense and energy customers hit multi-year highs. Management also highlighted new contracts in aerospace and nuclear markets — both of which are benefiting from the global rearmament cycle and the push toward energy independence.

Beyond that, Carpenter is scaling its AI-enhanced production analytics, which optimize metal processing and improve yield efficiency across its Pennsylvania and Alabama facilities. This focus on automation and digital transformation is quietly lifting profitability while reducing waste and downtime.

Investors see a durable uptrend forming as Carpenter’s balance sheet strengthens, pricing power improves, and its exposure to defense and clean energy demand expands. With shares breaking through long-term resistance and momentum building, CRS looks like one of the most overlooked industrial comeback stories heading into 2025.

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