Alcoa and Airbus Sign Multi-Year Supply Agreements For Leading Rolled and Extruded Products
New pact covers the Airbus jetliner fleet,
includes Alcoa′s advanced-generation and aluminum lithium alloys; Alcoa
also to supply advanced alloys for A320 lower wing skins
Alcoa (NYSE:AA) today announced it has signed new multi-year supply
agreements with Airbus for Alcoa′s leading aerospace aluminum sheet,
plate and hard alloy extruded products utilizing Alcoa′s current,
advanced-generation and aluminum lithium alloys. The agreements were
signed this week at the Farnborough Air Show. Terms were not disclosed,
but the agreements have a value of approximately US$1.4 billion over
their life.
Alcoa′s leading aluminum solutions will be used across virtually all
Airbus commercial programs and includes new lower wing skins on the
A320; several aluminum lithium applications on the A350 and A380,
including the largest extruded lower wing stringers for the A380; as
well as the largest wing skins and fuselage panels for the A380 and
structural plate for the A350. Alcoa′s hard alloy extruded
products, including rod, drawn tubing and extruded shapes for wing
stringers and floor structures, will be supplied from the company′s
plants in Lafayette, Indiana and Halethorpe in Baltimore, Maryland in
the U.S., and Hannover in Germany. Alcoa flat rolled products will be
supplied from the company′s plants in Davenport, Iowa in the United
States, Kitts Green in the U.K., and Belaya Kalitva in Russia. A new
greenfield plant in Lafayette as well as facilities in Kitts Green and
at the Alcoa Technical Center, Pennsylvania will cast aluminum lithium
to support the global Alcoa aerospace supply chain.
Alcoa′s aerospace business comprises 4 units with operations across the
world totaling approximately $3.4 billion in annual revenues and #1
share positions in their markets: Alcoa Global Rolled Products and Alcoa
Forgings and Extrusions serving the structures market; and Alcoa
Fastening Systems and Alcoa Power and Propulsion. Alcoa′s aerospace
solutions run from nose to tail and from wing-tip to wing-tip. Alcoa has
been at the forefront of every major milestone in aerospace history
based on its commitment to continually innovate and a 'beyond materials?
philosophy ? where materials, structures, and designs work in concert to
provide optimal solutions for customers.
About Alcoa
Alcoa is the world′s leading producer of primary and fabricated
aluminum, as well as the world′s largest miner of bauxite and refiner of
alumina. In addition to inventing the modern-day aluminum industry,
Alcoa innovation has been behind major milestones in the aerospace,
automotive, packaging, building and construction, commercial
transportation, consumer electronics and industrial markets over the
past 120 years. Among the solutions Alcoa markets are flat-rolled
products, hard alloy extrusions, and forgings, as well as Alcoa ? wheels,
fastening systems, precision and investment castings, and building
systems in addition to its expertise in other light metals such as
titanium and nickel-based super alloys. Sustainability is an integral
part of Alcoa′s operating practices and the product design and
engineering it provides to customers. Alcoa has been a member of the Dow
Jones Sustainability Index for 10 consecutive years and approximately 75
percent of all of the aluminum ever produced since 1888 is still in
active use today. Alcoa employs approximately 61,000 people in 31
countries across the world. More information can be found at www.alcoa.com.
Alcoa
Investor Contact: Kelly Pasterick, 212-836-2674
Media
Contact: Kevin G. Lowery, (Mobile) 724-422-7844
