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.