Lightweight metals leader Alcoa (NYSE:AA) today announced it is taking further action to increase the competitiveness of its Upstream business amid prevailing market conditions. In 2015, the Midwest transaction aluminum price dropped approximately 30 percent, and the Alumina Price Index fell approximately 40 percent. Alcoa will permanently close [...]
Alcoa (NYSE:AA) will hold a conference call on Monday, January 11 beginning at 5:00 p.m. ET to discuss fourth quarter and year end 2015 results and business developments. The conference call will be webcast live via Alcoa's website, www.alcoa.com, with presentation materials available online at 4:15 p.m. ET. Conference Call Information Time [...]
Lightweight metals leader Alcoa (NYSE:AA) today announced long-term supply contracts with Boeing (NYSE: BA) valued at over $2.5 billion. Alcoa will supply multi-material fastening systems for every Boeing platform in its largest fastener deal ever. Alcoa also will supply ready-to-install titanium seat track assemblies for the entire 787 Dreamliner [...]
Lightweight metals leader Alcoa (NYSE: AA) today announced executive management appointments for the future Upstream and Value-Add Companies, expected to become effective upon completion of Alcoa’s previously announced separation in the second half of 2016. Roy Harvey, Executive Vice President and Alcoa President of Global Primary Products [...]
Lightweight metals leader Alcoa (NYSE:AA) today announced that it has entered into a three-and-a-half year agreement with New York State to increase the competitiveness of the Massena West smelter. The Company had previously announced plans to curtail the facility amid prevailing market conditions. The agreement will help maintain hundreds of jobs [...]
Alcoa (NYSE:AA) today announced its Board of Directors declared a dividend of $6.71875 per share on the outstanding 5.375% Class B Mandatory Convertible Preferred Stock ("Class B Stock") payable on January 1, 2016 to shareholders of record of the Class B Stock at the close of business on December 15, 2015. The dividend on the Class B Stock is [...]
Lightweight metals leader Alcoa (NYSE:AA) today reported progress on the Company’s performance against three-year financial targets and its continuing transformation as it prepares to separate into two industry-leading, publicly-traded companies. Alcoa also outlined a clear roadmap to complete its separation in the second half of 2016. The [...]
Lightweight metals leader Alcoa (NYSE:AA) today announced that it is taking decisive action to curtail uncompetitive smelting and refining capacity to ensure continued competitiveness amid prevailing market conditions. The Company will reduce aluminum smelting capacity by 503,000 metric tons and alumina refining capacity by 1.2 million metric tons [...]
Lightweight metals leader Alcoa (NYSE: AA) today officially opened its state-of-the-art jet engine parts facility in La Porte, Indiana. The facility doubles Alcoa’s capacity in La Porte and provides new capabilities that broaden its reach in engines for large commercial aircraft. The new plant will meet increasing demand from makers of [...]
Lightweight metals leader Alcoa (NYSE:AA) today announced that it will host its annual Investor Day on Wednesday, November 4, 2015 in Grand Rapids, Michigan. The event will be webcast live starting at 8:00 a.m. EST via Alcoa's website at www.alcoa.com/investorday. Presentation materials will be available online. At the event, Alcoa senior [...]
Lightweight metals leader Alcoa (NYSE:AA) today reported a third quarter profit as its value-add and upstream portfolios delivered solid results in the face of strong market and currency headwinds. Alcoa has been transforming by building its value-add portfolio for profitable growth and creating a globally competitive upstream business. The [...]
Lightweight metals leader Alcoa (NYSE: AA) today announced a contract to supply titanium for Lockheed Martin’s (NYSE: LMT) F-35 Lightning II aircraft program, also known as the Joint Strike Fighter (JSF). Under the contract, Alcoa becomes the titanium supplier for airframe structures for all three variants of the F-35 over nine years, from [...]
