Alcoa Awarded Multi-Year Contract to Supply Leading Aluminum Solutions to Airbus |
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ALCOA, Inc.
ALCOA Bldg., 201 Isabella St.
Pittsburgh, PA, 15212
USA
Press release date: June 24, 2011
LE BOURGET, France - Alcoa (NYSE:AA) today announced it has been awarded a new multi-year supply agreement with Airbus for aluminum sheet and plate products utilizing Alcoa's current and advanced-generation aluminum alloys. The agreement was reached this week at the Paris Air Show by executives of both companies. Terms were not disclosed, but the agreement has a value of approximately US$1.0 billion over its life.
Alcoa's leading aluminum solutions will be used across virtually all Airbus commercial aircraft programs, from short-range/single-aisle to long-haul/twin-aisle jets including the A380 and range from fuselage panels to structural components to Airbus' newest wing skins. The Alcoa flat rolled products will be supplied from the Company's plants in Davenport, Iowa in the U.S., Kitts Green in the U.K., and Belaya Kalitva in Russia.
Earlier this month Alcoa launched a number of new aerospace solutions including new proprietary alloys and advanced structural technologies that will lower the weight, cost and maintenance of new aircraft, compared to composites.
Alcoa's aerospace business comprises 4 units with operations across the world totaling approximately $3 billion in 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 nine consecutive years and approximately 75 percent of all of the aluminum ever produced since 1888 is still in active use today. Alcoa employs approximately 59,000 people in 31 countries across the world. More information can be found at www.alcoa.com.
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