Starmet Corporation - STMT- Profile

Starmet Corporation. Starmet Corporation develops and manufactures a variety of specialty metal products using sophisticated metallurgical technology and metalworking processes. The subsidiaries of the company are Starmet NMI Corporation, Starmet Powders, LLC, Starmet Comcast, LLC and Starmet Aerocast, LLC. The company operates in three industry segments: specialty metal products, uranium services and recycle and depleted uranium penetrators. Carolina Metals, Inc., a wholly owned subsidiary, is the world's only depleted uranium processing facility. Specialty metal products accounted for 38% of fiscal 1999 revenues; uranium services and recycle, 30%; powders, 22% and composite materials, 10%. The company expensed $250,000 towards Year 2000 compliance program as of April 2, 2000.