Products to Be Made Using Alcoa’s State-of-the-Art 50,000-Ton Forging Press in Cleveland

Alcoa (NYSE:AA) has signed a multi-year supply agreement with Airbus
valued at approximately $110 million for value-add titanium and aluminum
aerospace forgings. Alcoa will produce the parts using its recently
modernized 50,000-ton press in Cleveland, Ohio. This press uses
state-of-the-art controls to meet stringent aerospace specifications and
is uniquely capable of producing the world’s largest and most complex
titanium, nickel, steel and aluminum forgings.

“Our expertise innovating highly engineered products, long history in
aerospace, and the unmatched capabilities of our 50,000-ton press make
Alcoa uniquely qualified to produce high-end solutions for the most
advanced aircraft,” said Olivier Jarrault, Executive Vice President and
Alcoa Group President, Engineered Products and Solutions. “This
agreement deepens our long and collaborative relationship with Airbus
with whom we will continue working to advance the industry with superior
products.”

Alcoa will supply titanium parts, including forgings used to connect the
wing structure to the engine, for the A320neo, Airbus’s most
fuel-efficient single-aisle jet. The agreement also includes several
large aluminum forgings for the A330 and A380—including the A380 inner
rear wing spar, which is the largest aerospace forging in the world—
that will be made using Alcoa’s proprietary 7085 alloy intended
specifically for large structural aircraft components. Most of these
forgings support the wing structure where strength-to-weight ratio is
critical to efficient flight performance.

In 2012, Alcoa signed 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. Terms were not disclosed, but the agreements were valued
at approximately $1.4 billion. In addition to sheet, plate, forgings and
extrusions, Alcoa specialty fasteners and structural castings are also
used on Airbus aircraft.

Alcoa has been at the forefront of every major milestone in aerospace
history, due to its deep technical expertise and a multi-materials
approach, where materials, structures, and designs work in concert to
provide optimal solutions for customers. Alcoa’s aerospace business
generated $3.8 billion in 2012 revenues. The Company holds leading
market positions in aerospace forgings, extrusions, jet engine airfoils
and fastening systems produced by its downstream business, Engineered
Products and Solutions (EPS), and aerospace sheet and plate produced by
its midstream business, Global Rolled Products (GRP). In the first three
quarters of 2013, EPS and GRP—Alcoa’s value-add businesses—accounted for
57 percent of Alcoa’s total revenues and 79 percent of segment after-tax
operating income (ATOI).

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 125 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 12 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 30
countries across the world. For more information, visit www.alcoa.com
and follow @Alcoa on Twitter
at twitter.com/Alcoa.

Photos/Multimedia Gallery Available: http://www.businesswire.com/multimedia/home/20131216005135/en/

Alcoa
Investor Contact
Kelly Pasterick, +1 212-836-2674
Kelly.Pasterick@alcoa.com
or
Media Contact
Christa Bowers, +1 212-836-2605
Christa.Bowers@alcoa.com