The Board of Directors of Alcoa today declared (a) a quarterly common stock dividend of 3 cents per share payable May 25, 2016 to holders of record of the common stock at the close of business on May 6, 2016; and (b) a dividend of 93.75 cents per share on Alcoa’s $3.75 cumulative preferred stock (“Class A Stock”) payable July 1 [...]
Lightweight metals leader Alcoa (NYSE: AA) today unveiled the name, logo and tagline of its future Value-Add company: “Arconic. Innovation, Engineered.” The future Upstream company will operate under the Alcoa name. The Company’s separation into two, independent, publicly-traded companies in the second half of 2016 remains on [...]
Lightweight metals leader Alcoa (NYSE:AA) has been awarded a five-year contract from the U.S. Army worth up to $50 million for R&D projects focused on developing innovative, lightweighting solutions for ground combat vehicles. The U.S. Army Tank Automotive Research, Development and Engineering Center (TARDEC) awarded Alcoa Defense a “Ground [...]
For the fifth consecutive year, lightweight metals engineering and manufacturing leader Alcoa (NYSE:AA) has been named the most admired metals company by Fortune magazine in its annual ranking on corporate reputation. Alcoa has been on Fortune’s Most Admired List since the publication began the annual ranking more than 30 years ago. In [...]
Lightweight metals leader Alcoa Inc. (NYSE:AA) today announced that it will appoint Ulrich “Rick” Schmidt, John C. Plant and Sean O. Mahoney to serve on the Company’s Board of Directors, effective February 5, 2016. These appointments will further strengthen the Company and add valuable aerospace and automotive experience to the [...]
Lightweight metals leader Alcoa (NYSE:AA) today announced a long-term supply agreement with Boeing for multi-material aerospace parts. Under this agreement, Alcoa will supply components for the 777X—Boeing’s newest commercial airplane—the 737 MAX—scheduled for first delivery in 2017—and the 787 Dreamliner. The deal [...]
Lightweight metals leader Alcoa (NYSE:AA) today announced it will delay the curtailment of its Intalco Works smelter in Ferndale, Washington until the end of the second quarter of 2016. The plant was initially scheduled to curtail by the end of the first quarter. The Company announced a full curtailment of the Intalco smelter (230kmt) on November [...]
Lightweight metals leader Alcoa (NYSE:AA) today announced that Karl Tragl will become President of the Company’s Transportation and Construction Solutions Group. He succeeds José Drummond, who resigned from Alcoa to become CEO of a Brazilian company. Tragl’s appointment is effective on February 15, 2016. This Smart News Release [...]
The Board of Directors of Alcoa today declared (a) a quarterly common stock dividend of 3 cents per share payable February 25, 2016 to holders of record of the common stock at the close of business on February 5, 2016; (b) a dividend of 93.75 cents per share on Alcoa’s $3.75 cumulative preferred stock (“Class A Stock”) payable [...]
Alcoa (NYSE:AA) announced today that it is expanding its Investor Relations capability in preparation for the previously announced separation of the Company during the second half of 2016. Matt Garth, Vice President of Financial Planning and Analysis, will take on the additional leadership of Alcoa's Investor Relations group. Garth will be the [...]
Lightweight metals leader Alcoa (NYSE:AA) today reported full-year 2015 results, ending the year on solid operational footing. In fourth quarter 2015, the Value-Add businesses reported strong performance, while the Upstream remained profitable despite lower alumina and aluminum prices. Every segment delivered productivity gains. The Company also [...]
Lightweight metals leader Alcoa (NYSE:AA) has signed a long-term contract with GE (NYSE:GE) unit GE Aviation for jet engine components in an agreement valued at more than $1.5 billion over the contract life. Under the deal, Alcoa will supply advanced nickel-based superalloy, titanium and aluminum components for a broad range of GE Aviation engine [...]
