This Carpenter works with metal, not wood. Carpenter Technology processes basic raw materials such as cobalt, nickel, manganese, and titanium to make various corrosion-resistant materials. Most sales come from stainless steel products and alloys that provide special heat- or wear-resistance or special magnetic or conductive properties. Finished products come in billet, bar, rod, wire, and other forms. Carpenter also produces certain metal powders. Markets include aerospace, automotive, medical, and industrial companies. Aerospace and defense accounted for 54% of its total sales in fiscal 2016 (June year end).