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Carpenter Technology Corporation manufactures, fabricates, and distributes specialty metals worldwide. It operates in three segments: Specialty Alloys Operations, Latrobe, and Performance Engineered Products. The company offers special alloys, such as heat resistant and cobalt base alloys used in components, such as rings, discs, and fasteners; and alloys for electronic, magnetic, and electrical applications. It also provides stainless products comprising a range of corrosion resistant alloys that consist of conventional stainless steel and grades for special applications; and titanium products used in aircraft fasteners, medical devices, sporting equipment, and chemical and petroleum processing. In addition, the company offers powder metals, such as spherical gas atomized powders; and alloy and tools steels in long forms, as well as rounds, plates, and sheets. Further, it manufactures high-performance materials for aerospace and defense, energy, and other applications; and manufactures and rents down hole drilling tools and components for the oil and gas industry. Additionally, the company distributes corrosion resistant steels, tool steels, and powder metals. Carpenter Technology Corporation distributes its products directly through its distribution network, as well as through independent distributors. Carpenter Technology Corporation was founded in 1889 and is based in Wyomissing, Pennsylvania.