Alcoa wins fourth Boeing contract within a year

 

New York – Alcoa has inked a long-term supply agreement with Boeing for multi-material aerospace parts. Under this agreement, Alcoa will supply components for the Boeing 777X, 737 MAX, and the 787 Dreamliner. The deal draws on capabilities gained through the Firth Rixson acquisition and the company’s new aluminum-lithium facility in Lafayette, Indiana. 

 

“This is the latest in a series of Boeing contract wins made possible by Alcoa’s recent aerospace investments,” said Alcoa Chairman and Chief Executive Officer Klaus Kleinfeld. “Alcoa has successfully built a strong leadership position in this market and we are proud to see our home-grown innovations and new products create value for our customers.”

 

Under the new agreement, Alcoa Forgings and Extrusions will supply differentiated components for Boeing’s airplanes, including the wing, fuselage, and landing gear. These include: 

 

This transaction is the fourth multi-year agreement recently announced with Boeing. In December 2015, Alcoa announced long-term supply contracts with Boeing for fastening systems and titanium seat-track assemblies. In September 2014, Alcoa announced a significant Boeing contract win which established Alcoa as a sole supplier of wing skins on all of Boeing’s metallic structure airplanes.

 

Alcoa has secured approximately $10 billion in aerospace contracts since the start of 2015, including the Boeing transactions, drawing on the company’s growing aerospace portfolio.

 

Alcoa’s aerospace businesses will form part of a new value-add company, to be launched following Alcoa’s previously announced separation in the second half of 2016. The value-add company will be a differentiated supplier to the high-growth aerospace industry with positions on major aircraft and jet engine platforms, underpinned by jet engine and industrial gas turbine airfoils and aerospace fasteners. 

 

Alcoa Forgings and Extrusions, a major business unit of Alcoa Inc., manufactures lightweight materials and structures in aluminum, titanium, and superalloy. AFE is also an ingot supplier of proprietary aluminum and other advanced alloys that include aluminum-lithium and nickel-based superalloys for aerospace, military, transportation, energy, and industrial markets.