Farnborough, UK – July 11, 2012 – Alcoa today announced it has signed new 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. The agreements were signed this week at the Farnborough Air Show. Terms were not disclosed, but the agreements have a value of approximately US$1.4 billion over their life.
Alcoa’s leading aluminum solutions will be used across virtually all Airbus commercial programs and includes new lower wing skins on the A320; several aluminum lithium applications on the A350 and A380, including the largest extruded lower wing stringers for the A380; as well as the largest wing skins and fuselage panels for the A380 and structural plate for the A350. Alcoa’s hard alloy extruded products, including rod, drawn tubing and extruded shapes for wing stringers and floor structures, will be supplied from the company’s plants in Lafayette, Indiana and Halethorpe in Baltimore, Maryland in the U.S., and Hannover in Germany. Alcoa flat rolled products will be supplied from the company’s plants in Davenport, Iowa in the United States, Kitts Green in the U.K., and Belaya Kalitva in Russia. A new greenfield plant in Lafayette as well as facilities in Kitts Green and at the Alcoa Technical Center, Pennsylvania will cast aluminum lithium to support the global Alcoa aerospace supply chain.
Alcoa’s aerospace business comprises 4 units with operations across the world totaling approximately $3.4 billion in annual 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.
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 10 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 31 countries across the world. More information can be found at www.alcoa.com.