- Multi-year contract includes significant share gain on the A320 Family – the world’s best-selling single aisle aircraft family – and covers aluminum sheet and plate for every Airbus platform flying today
- Deal continues to expand Arconic’s leadership position in the aerospace industry; utilizes Arconic’s new manufacturing capabilities secured by the thick plate stretcher investment
- Strategically important contract win – Airbus aircraft will feature Arconic’s proprietary alloys, chosen for their combination of strength, corrosion resistance, density savings and manufacturability
Precision engineering and advanced manufacturing leader Arconic
(NYSE:ARNC) today announced a multi-year contract with Airbus valued at
approximately $1 billion. The contract gives Arconic aluminum sheet and
plate an unprecedented position on Airbus’ highest volume programs.
“This large contract is a further important step to expand our
leadership position in the aerospace industry,” said Klaus Kleinfeld,
Chairman and CEO of Arconic. “We are proud that Airbus has chosen us to
support their fastest growing, technologically
advanced programs. Partnerships like this with industry leaders are
core to our strategy and this contract is another proof point of the
potential that lies in it. We continue to focus on developing products
and technologies that take all of our aerospace customers to new
heights.”
This agreement is the first to include material from Arconic’s new state-of-the-art
thick plate stretcher in Davenport, Iowa. Arconic’s most significant
share gain in the contract is in the A320 family of aircraft, which is
Airbus’ highest growth program.
The multi-year agreement starts in January 2017 and makes Arconic sole
supplier to Airbus for specific applications, including some wing,
fuselage and structural components. In addition to Arconic’s proprietary
alloys – chosen for their combination of strength, corrosion resistance,
density savings and manufacturability – Airbus planes will feature
Arconic plate products on every platform, used in key applications such
as wing ribs, fuselage frames and other structural parts of the aircraft.
The Thick Plate Stretcher
Arconic’s new “very
thick plate stretcher” will come online in 2017 and enables Arconic
to produce the largest high-strength monolithic wing ribs in the
industry. Located at Arconic’s Davenport Works facility, the stretcher
enhances the performance of thick aluminum and aluminum-lithium plate in
wing ribs and fuselage frames material.
The stretching process reduces stress introduced into the plate as part
of the manufacturing process, resulting in a part that is more easily
machined and processed. For example, as composite wings get larger, one
of the challenges is strength and stiffness, and the aluminum plate from
this stretcher will enable Arconic to make wing ribs to address that
issue.
The addition will also enable Arconic to serve the existing plate market
while also providing airframe builders with the ability to make large
wing ribs, fuselage frames and bulkheads using Arconic thick plate.
About Arconic Aerospace
Arconic is a differentiated supplier to the high-growth aerospace
industry with leading positions on every major aircraft and jet engine
platform, underpinned by market leadership in aerospace structures, jet
engine and industrial gas turbine airfoils and aerospace fasteners.
Dissemination of Company Information
Arconic intends to make future announcements regarding Company
developments and financial performance through its website at www.arconic.com.
About Arconic
Arconic Inc. (NYSE: ARNC) creates breakthrough products that shape
industries. Working in close partnership with our customers, we solve
complex engineering challenges to transform the way we fly, drive, build
and power. Through the ingenuity of our people and cutting-edge advanced
manufacturing, we deliver these products at a quality and efficiency
that ensure customer success and shareholder value.
Arconic Investor Contact:
Patricia Figueroa, 212-836-2758
Patricia.figueroa@aronic.com
or
Arconic Media Contact:
Lori K. Lecker, 412-553-3186
Lori.lecker@arconic.com