Alcoa Signs Long-Term Agreement with Airbus for Value-Add Titanium and Aluminum Aerospace Parts

Alcoa 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.

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.

In 2012, Alcoa signed multi-year supply agreements with Airbus for sheet, plate, forgings and extrusions, Alcoa specialty fasteners and structural castings are also used on Airbus aircraft. Alcoa's aerospace business generated $3.8 billion in 2012 revenues.